| Debt Risk Under Control | | China's National Audit Office recently issued a report on the debt held by the Central Government. It shows that China's government debts are not serious enough to trigger panic in the market, as they are yet to cross the warning line, meaning that they are still controllable | | more | | |
 | | Bringing Debt Down | | | Under China's laws, local governments are barred from borrowing directly from banks or investors, even though they are responsible for most public spending while receiving around half of the fiscal income. The funding shortfall has forced local authorities to take on debts to pay for public works | | Full Story | |
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