Despite the fact that substantial steps have been taken to reform Chinese local governments' debt-laden fiscal conditions, there will be continued pressure on local government's finances in 2016, says Fitch Ratings in a media briefing today. In 2015, Chinese government launched a RMB3.2 trillion local government debt swap program, implemented a more sophisticated principle of […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Despite the fact that substantial steps have been taken to reform Chinese local governments' debt-laden fiscal conditions, there will be continued pressure on local government's finances in 2016, says Fitch Ratings in a media briefing today. In 2015, Chinese government launched a RMB3.2 trillion local government debt swap program, implemented a more sophisticated principle of […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.