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China’s Local Government Debt Swaps Roll On

Local governments issued a total of 32.5 billion yuan ($4.69 billion) worth of swap bonds in June and
Auditors Flash Warning Light Over Local Governments’ Hidden Debts

*Auditors in the provinces of Zhejiang, Jiangsu, Shandong and Henan have raised concerns about lower-level
Watchdogs Warn of Risks of Local Hidden Debts

Debt at the local level continues to bother Chinese experts. Several provincial audit watchdogs have
China Provides $290 Million Incentive Fund to Back Small-Business Financing

China’s Ministry of Finance said it will set up a special incentive fund to provide 2 billion yuan ($290
As Tax Cuts Bite, Officials Hunt for New Revenue Sources

As tax and fee cuts bite hard into China’s fiscal revenue growth, central and local governments are scrambling
Amid Tax Cuts, Authorities Boost Nontax Revenues

As tax and fee cuts hit China’s fiscal revenue growth, some of the country’s governments are reporting
China Clarifies Rules on Addressing Local Governments’ Hidden Debt

China’s multiple regulators jointly issued rules on how to deal with matured hidden debt accumulated
State Firms Dragging Their Feet on Measure to Head Off Pension Shortfall

China has been making slow progress on transferring part of state-owned enterprises’ (SOE) equity to
National Auditor Finds Flaws in Local Debt Reports

Audits of 52 local governments’ debt have found errors in data reporting and holes in debt relief plans,
PPP Projects Not Included Under China’s Relaxed Special-Purpose Bond Rules

China’s relaxed rules on special-purpose bonds for infrastructure projects don’t apply to riskier public-private