Financial China

Privatisation is part of solution to LGFV debts – officials

  • Published 03 Nov 2011

China Confidential's conversations with senior financial officials reveals a new, breezy official attitude toward the problem of local government debt.

International concerns over China's local government debt problem are overblown, according to senior Chinese financial officials in conversation with China Confidential. Local governments themselves have ample resources to handle repayments of their Rmb 10,700bn ($1,682bn, £1,051bn, €1,217bn) debt, according to National Audit Office figures, of which Rmb 4,600bn is set to mature before the end of 2012.

Issue icon

Latest Issue

17 May 2012

Browse the archive

Subscribe now to access all of China Confidential

China Confidential Funds

China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.

Find out more