Experts downplay local govt money risk
China Daily | Updated: 2017-07-22 07:31
BEIJING - Concerns about China's local government debt risks have been over blown.
Academics and analysts pointed out that the world's second-largest economy still enjoys dynamic growth and has strengthened its management of local government debt.
This is mainly invested in productive assets, according to Wang Dehua, researcher at the National Academy of Economic Strategy under the Chinese Academy of Social Sciences.
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