BEIJING : China's fiscal status overall is sound and safe, but some local governments are facing high debt risks and large pressure of debt repayment, state media Xinhua news agency reported on Monday, citing a finance ministry official.
"At present, local government debt is unevenly distributed, with some local governments seeing relatively high debt risks and large debt repayment pressure," Xinhua said, citing an unnamed finance ministry official.
Source: News Formal (newsformal.com)
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