Apr 23, 2014 06:01 PM

Budget Law Revision Proposes Letting Local Gov'ts Issue Bonds

(Beijing) – A draft revision to the country's Budget Law released on April 21 proposes allowing local governments to issue bonds on their own, a move that many experts have advocated as a solution to debt problems.

This is the third draft presented to the Standing Committee of the National People's Congress, the country's top legislative body, for review.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code