3Novices:Hold local governments accountable for their debt, Chinese president says

Chinese President Xi Jinping has told top mainland officials they must tighten control over borrowing by local officials and hold them permanently accountable for the debt they incur.
But one expert said Beijing still had enough room to reshuffle debt between the central and local authorities.
Xi presided over the National Financial Work Conference, held every five years and which ended on Saturday. He told officials better supervision of local borrowing was needed and cadres should remain on…
July 17, 2017 at 09:39PM
#3Novices #News #OnlineMedia #China 3Novices China


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s