China's parliament standing committee is reviewing a proposal to increase the local government debt limit, aimed at replacing hidden debt, as local authorities face financial struggles due to declining land sale revenues. Finance Minister Lan Fo’an indicated that an additional debt quota of around 10 trillion yuan could be approved, potentially rising to 15 trillion yuan if economic challenges worsen. The committee, led by Chair Zhao Leji, is expected to finalize decisions on further fiscal support for the slowing economy by the end of the week.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
