Tuesday, January 19, 2021
Tags Chinese local governments

Tag: Chinese local governments

Beijing Orders Local Governments to Tackle Hidden Debt Pile

The Chinese central government has ordered local governments to thoroughly investigate and curb their "hidden debt" levels as part of ongoing efforts to deleverage...

China’s Local Governments Rolled over 100 Billion Yuan in Debt in First Half of 2018

China's local governments are using much of the funds raised from new bond issues to repay outstanding debt on track to mature. Data from China's...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...