Local governments need support to fend off financial risks

The central government needs to help local governments widen financing channels for infrastructure spending amid intensified efforts to fend off risks, according to experts.

Local governments sustained their appetite to increase infrastructure spending this year, data showed.

Of 25 provinces and municipalities that revealed plans for projects this year, more than 10 regions plan to spend more than 1 trillion yuan ($156 billion) on infrastructure construction projects as part of efforts to boost growth.