Local Government Debt | The Epoch Times

Local Government Debt Is Dragging China Down

Commentary For years, China’s local governments have supported growth by borrowing and spending heavily. Now, the accumulated debt threatens to put yet another hurdle in front of China’s development. As ...

July 29, 2024BY Milton Ezrati

CCP’s Economic Work Meeting: No Concrete Plan for China’s Recovery

Due to ongoing real estate and local government debt issues, Moody’s has lowered China’s sovereign debt rating.

December 12, 2023BY Antonio Graceffo

China Accelerates Massive Issuance of Local Government Bonds

China’s local authorities sped up issuing Local Government Bonds (LGBs) on a large scale, with the total amount ...

September 13, 2022BY Jessica Mao

Beijing Expands Real Estate Investment Trusts to Reduce Local Government Debt Risk

News Analysis Beijing has recently ordered local governments to accelerate the listing and issuance of real estate investment ...

January 20, 2022BY Frank Yue and Justin Zhang

Chinese Land Sales Falls Significantly, Deepening Local Government Debt Stress

Chinese government land sales fell significantly through 2021, reversing a six-year streak of gains, as a cash crunch ...

January 15, 2022BY Fran Wang

Chinese Regime to Audit Local Government Debt

China’s Audit Commission announced on July 28 the formation of a new administration to audit all local government ...

July 31, 2013BY Shannon Liao

China’s High Corporate Debt Signals Imminent Crisis

The debt owed by China’s corporations, in bonds and short-term loans, exceeds the GDP by over 50 percent, ...

April 12, 2013BY Gao Zitan