The ADB brief shows that Europe’s long experience with fiscal rules highlights the importance of transparent, flexible, and ...

China has ordered some banks to recall troubled loans and freeze troubled accounts linked to local government financing vehicles (LGFVs) after auditors uncovered illegal financial activities, ...

China’s local borrowing for infrastructure spending is on pace to hit a six-year low. Read more at straitstimes.com. Read ...

BEIJING (Reuters) - Off-balance-sheet borrowings by Chinese local governments could be as high as 40 trillion yuan ($5.78 trillion) and amount to "a debt iceberg with titanic credit risks", S&P Global ...

BEIJING (Reuters) - China's fiscal policy has ample room, the government's debt ratio remains "reasonable" and risks are controllable, finance minister Lan Foan said on Friday, pledging a more ...

China is making it harder for some state-owned companies to borrow overseas, expanding a campaign to rein in local government debt risks, according to people familiar with the matter. The National ...

BEIJING, Nov 3 (Reuters) - China's Ministry of Finance set up a new debt-management department, it said on Monday, the latest step in its effort to rein in local debt risks as the economy slows. The ...

For the past two years, Chinese officials unleashed major fiscal and monetary stimulus after disappointing data in the final quarters. This time around, Beijing has fewer options. In a warning sign to ...

China was the leading financier for developing nations throughout the 2010s, channeling over $1 trillion into infrastructure projects under President Xi Jinping's Belt and Road Initiative (BRI). Yet ...