Many Province-Level Governments Aren't Revealing Amount of Debt

(Beijing) - More than a third of China's 31 mainland provincial-level governments have failed to disclose to the public how much debt they have, even though they are required to do so, an investigation by the Finance Ministry found.

In addition to the 11 provincial-level governments, authorities said, nearly 140 cities — more than 20 percent of China's approximately 660 — had not released data detailing how much debt they had amassed by the end of 2014, the ministry said Thursday.