The Ministry of Finance announced a few days ago that it plans to increase large-scale debt limits at one time to replace hidden debt stocks of local governments. This is one of the most powerful measures introduced in recent years to support debt. Experts believe that subsequent hidden debt swaps will accelerate, help reduce the debt burden of some financing platforms, provide them with a time window for transformation, and also help local authorities free up more energy and financial space to promote development and protect people's livelihood.

Zhitongcaijing · 10/16 20:49
The Ministry of Finance announced a few days ago that it plans to increase large-scale debt limits at one time to replace hidden debt stocks of local governments. This is one of the most powerful measures introduced in recent years to support debt. Experts believe that subsequent hidden debt swaps will accelerate, help reduce the debt burden of some financing platforms, provide them with a time window for transformation, and also help local authorities free up more energy and financial space to promote development and protect people's livelihood.