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Local Governments Face Fresh Curbs on Investment

2019年05月06日 20:49 来源于 财新网
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State Council issues long-awaited regulations on spending as part of efforts to prevent wasteful investment and rein in debt
In recent years, policymakers have become increasingly concerned about wasteful investment and risks stemming from an explosion in local government borrowing. Photo: IC Photo

* New rules aim to put local government investment and debt into a legal framework that clarifies the type of projects local authorities should invest in

* In recent years, policymakers have become increasingly concerned about wasteful investment and risks stemming from an explosion in local government borrowing

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