Caixin
Jun 12, 2018 09:52 PM
ECONOMY

Coal-Mining City Admits It Can’t Pay Salaries

Young people take a break near the river in Leiyang, Hunan province, in February 2015. Photo: VCG
Young people take a break near the river in Leiyang, Hunan province, in February 2015. Photo: VCG

* County-level city statement acknowledges failure to pay salaries on May 15 because of a lack of funds in government coffers

* Cash crunch comes as Leiyang fails for years to collect as much money as it had projected because of decline of coal-related industries

(Beijing) — Once one of Hunan province’s fastest-growing economies, the coal city of Leiyang has admitted that it failed to pay civil servant salaries in May.

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