Tag: China Ministry of Finance
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China Faces Rising Local Debt and Weak Land Revenues
China’s local government debt has reached unprecedented levels as a weak real estate market slashes land-sale revenues that cities once depended on. According to a report that cited Nikkei Asia, total debt raised directly by local governments and via ...
U.S. President Donald Trump attends the "Shield of the Americas" Summit in Miami, Florida, U.S., March 7, 2026. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY
In early March, U.S. President Donald Trump hosted 12 Latin American leaders for the “Shield of the Americas” Summit. There was much speculation around the summit’s objectives: some viewed it simply as an opportunity to gather Latin American leaders aligned with Trump for a photo-op. Others thought it was an effort ...
China Faces Rising Local Debt and Weak Land Revenues
China’s local government debt has reached unprecedented levels as a weak real estate market slashes land-sale revenues that cities once depended on. According to a report that cited Nikkei Asia, total debt raised directly by local governments and via ...