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2024-10-23 06:15:40
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scmp.com on Nostr: Summary of Will stimulus package help China’s local governments pay bills? The ...

Summary of Will stimulus package help China’s local governments pay bills?



The source article:
Will stimulus package help China’s local governments pay bills?


Government adviser describes local governments’ arrears in accounts payable to enterprises as ‘shocking’.

https://www.scmp.com/economy/policy/article/3283483/will-stimulus-package-help-chinas-local-governments-pay-bills?utm_source=rss_feed

China's plans to issue special government bonds to help local governments get their debts under control have given hope to businesses like Edward Zeng's tech start-up, which has been waiting for payment for years.
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