SUBWAYS MAY BE THE LATEST CASUALTY OF CHINA'S CRACKDOWN ON DEBT

CITIES IN INNER MONGOLIA HAVE BEEN TOLD BY CHINA'S CENTRAL GOVERNMENT TO HALT INFRASTRUCTURE PROJECTS, CAIXIN REPORTED EARLIER THIS MONTH.

SUBWAYS MAY BE THE LATEST CASUALTY OF CHINA'S CRACKDOWN ON DEBT

Back then, the body also authorized inter-city rail projects throughout Inner Mongolia, Gansu, Ningxia and Jiangsu province.
Cities in Inner Mongolia have been told by China's central government to halt infrastructure projects, Caixin reported earlier this month.
In October, Zhou called for further measures to constrain local government borrowing.

China’s frenzied construction of subway systems in cities all over the country may be easing, amid reports funding has been pulled for some projects as Beijing pushes to rein in debt levels. The National Development and...

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Article ID: 203808 Date: 20th November, 2017 Social Shares: 243
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