Tag: local-gov
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China Tightens Rules on Municipal Infrastructure Debt
Read more: China Tightens Rules on Municipal Infrastructure DebtAugust 26, 2024 (InvestinChina.asia) – China’s Ministry of Finance and five other departments have introduced stricter regulations to prevent illegal borrowing for municipal infrastructure projects with no or insufficient returns. The new measures aim to strengthen budgetary discipline and curb government debt risks. Key Points No Unlawful Borrowing Budget Discipline Repayment Priorities Asset Management Effective…