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China to replace existing hidden debts of local governments
(Xinhua) 11:03, October 12, 2024
BEIJING, Oct. 12 (Xinhua) -- China plans to increase the debt ceiling on a relatively large scale to replace existing hidden debts of local governments and help defuse their debt risks, Minister of Finance Lan Fo'an told a press conference on Saturday.
(Web editor: Zhang Kaiwei, Zhong Wenxing)
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