local government debt

Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below…

China’s tax revenue rose for the second straight month in November on the back of supportive domestic policies, while local…

China’s GDP growth slowed during the first three quarters of 2024, from 5.3 per cent to 4.7 per cent, and…

Historically, China has shown a tendency to enact rapid changes in response to external pressures or implement difficult domestic reforms…

The maturing debt of “most” of these financing platforms had either been extended, restructured or replaced, Pan said, adding that…