Inland govts' debt 'more risky'

The risk associated with the debt of some inland local governments is significantly higher than for their coastal counterparts, the chairman of Beijing-based Dagong Global Credit Rating Co Ltd said on Tuesday.

"With a much smaller fiscal revenue base, the risks of some inland local governments' debts are significantly higher than for coastal provinces," Dagong Chairman Guan Jianzhong said.

Dagong is a major domestic ratings firm that has provided credit ratings to many of China's local government financial vehicles.