Major China borrowing plan adds to investment spending worries

03/6/2013 | Caijing Magazine online

In a bid to help with strained local budgets, China's State Council is weighing a new borrowing plan under which the Ministry of Finance could extend as much as 350 billion yuan worth of local government debts this year. The borrowing would be the largest since 2009 and would raise concerns over growing risks associated with investment-driven spending.

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