Beijing is amping up support to assist in clearing local public-sector arrears owed to businesses, but how keen localities will be to take on new interest-bearing debts to settle interest-free ones has become a cause for concern.
- 英文报道
- 财新周刊｜财政金融联手清欠
In Depth: Clearing Arrears to Businesses Tests Chinese Localities’ Resolve
2025年10月15日 14:31
How keen local governments will be to take on new interest-bearing debts to clear interest-free ones has become a cause for concern
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- According to one estimate, arrears owed by governments are likely to have reached around $632 billion this year, or more than 3% of China’s GDP. Photo: AI generated
[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。]
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