China orders local governments to cut exposure to public-private projects as debt risks rise, sources say

China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by Beijing as it tries to curb municipal debt risks. The guidelines were mentioned in a cabinet...

https://www.hellenicshippingnews.com/china-orders-local-governments-to-cut-exposure-to-public-private-projects-as-debt-risks-rise-sources-say/