Chinese local government debt growth rate slows

By Peter Cai

The National Audit Office released its latest local government debt survey on Sunday, which showed the debt growth rate during the first half of 2014 had slowed seven percentage points compared to the same period last year, according to Xinhua News Agency.

China’s National Audit Office revealed late last year that local government debt had surged 20 per cent every year for the last three years.

Read more here: Business Spectator


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