CHINA TO CAP 2015 LOCAL GOVERNMENT DEBT AT $2.5 TRILLION

CHINA TO CAP 2015 LOCAL GOVERNMENT DEBT AT 2.5 TRILLION XINHUA

OUTSTANDING LOCAL GOVERNMENT DEBT STOOD AT 15.4 TRILLION YUAN AS OF THE END OF 2014, THE AGENCY SAID.

($1 = 6.3865 Chinese yuan renminbi) (Reporting by Kevin Yao and Benjamin Kang Lim; Editing by Ruth Pitchford)
Outstanding local government debt stood at 15.4 trillion yuan as of the end of 2014, the agency said.
The debt ratio of local governments will be set at 86 percent, Xinhua said.

BEIJING China's parliament approved on Saturday a cabinet plan to cap total outstanding local government debt at 16 trillion yuan ($2.5 trillion) this year, the official Xinhua news agency reported. China, whose cooling...

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