Inspection set to clamp down on hidden risk of off-budget local debt

China has completed a document on measuring "hidden" local government debt, particularly those incurred since 2015, two senior ministry officials told China Daily.

It means the central government will take more stringent measures to prevent the continuing increase of local debt not on official budgets as a way to ward off financial risks, analysts said.

The document urges local governments to check the size of their off-budget debt and evaluate the quality of their debts and assets, said the officials, who declined to be named because they are not authorized to comment on the matter.