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China debt: local financing vehicles scale back funding amid Beijing's risk reduction drive

Some local government owned enterprises in China have begun pulling back from funding regional projects in response to a campaign from Beijing to curb implicit liabilities, amid fears of financial contagion. ....

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China's risk-averse local cadres at a loss as Beijing repeats economy-boosting plea but offers little

With the 20th party congress less than two weeks away, Premier Li Keqiang’s latest economy-boosting directives to local authorities ‘will have some effect, but don’t expect too much’, researcher says. ....

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China economy: financial distress of local governments raises debt-default risks, weighs on average Chinese

Local-level coffers are running low in some parts of China as the government sticks with its restrictive zero-Covid policy, and there are rising concerns that public services could be adversely affected. ....

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