{"id":31178,"date":"2015-12-09T16:48:04","date_gmt":"2015-12-09T08:48:04","guid":{"rendered":"http:\/\/www.chinamoneynetwork.com\/?p=42574"},"modified":"2015-12-09T16:48:04","modified_gmt":"2015-12-09T08:48:04","slug":"fitch-chinese-local-governments-to-face-continued-fiscal-pressure-in-2016","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2015\/12\/09\/fitch-chinese-local-governments-to-face-continued-fiscal-pressure-in-2016\/","title":{"rendered":"Fitch: Chinese Local Governments To Face Continued Fiscal Pressure In 2016"},"content":{"rendered":"<p>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 [&#8230;]<\/p>\n<p>Visit <a href=\"http:\/\/www.chinamoneynetwork.com\/\" title=\"China Money Network\"><b>ChinaMoneyNetwork.com<\/b><\/a> for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter <a href=\"http:\/\/www.twitter.com\/chinamoneypod\" title=\"Follow China Money Network on Twitter\">@chinamoneypod<\/a> subscribe to all episodes on <a href=\"http:\/\/www.itunes.com\/podcast?id=451002399\" title=\"Download and listen to China Money Podcast on iTunes\">iTunes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n<p>Visit <a href=\"http:\/\/www.chinamoneynetwork.com\/\" title=\"China Money Network\"><b>ChinaMoneyNetwork.com<\/b><\/a> for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter <a href=\"http:\/\/www.twitter.com\/chinamoneypod\" title=\"Follow China Money Network on Twitter\">@chinamoneypod<\/a> subscribe to all episodes on <a href=\"http:\/\/www.itunes.com\/podcast?id=451002399\" title=\"Download and listen to China Money Podcast on iTunes\">iTunes<\/a>.<\/p>\n","protected":false},"author":146,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194],"tags":[8225,5903,5483,8226,3404,6502],"class_list":["post-31178","post","type-post","status-publish","format-standard","hentry","category-news-chinese-law","tag-china-government-fiscal","tag-chinese-local-governments","tag-fitch-ratings","tag-government-fiscal-budget","tag-news","tag-opinion"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/31178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/146"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=31178"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/31178\/revisions"}],"predecessor-version":[{"id":31181,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/31178\/revisions\/31181"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=31178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=31178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=31178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}