财新传媒
财新英文 > 要闻 > 正文

In Depth: China’s ATMs for Infrastructure Spending Get Squeezed, Again

By Zhang Yuzhe, Wang Juanjuan, Cheng Siwei and Tang Ziyi
2022年07月08日 21:43
Even as local authorities face growing pressure to spend more on infrastructure, LGFVs are facing another crackdown
pictureA residential construction site in Hefei, Anhui province, on July 7. Photo: VCG

The screws are tightening once again on China’s local government financing vehicles (LGFVs) even as pressure on them grows to help fund the country’s infrastructure stimulus, adding to concerns that debt defaults will increase and further strain cash-strapped local authorities.

  [财新双语通产品,是为有双语需求读者专门订制的优惠产品, 按此可享超值优惠订阅。]

版面编辑:喻竹杨洋
财新微信