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local government debt

Opinion | China’s third plenum shows its reform era has entered a new phase

by Walter Watson
Opinion | China’s third plenum shows its reform era has entered a new phase

China’s economic system is founded on the reforms carried out in the 1990s. With the unification of dual exchange rates in 1994, markets became the main tool to set prices. …

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China Evergrande’s EV unit caught unawares by demand for US$268 million of subsidies by local governments

by Anas Siddiqui
China Evergrande’s EV unit caught unawares by demand for US8 million of subsidies by local governments

The carmaking unit of troubled property giant China Evergrande has been asked by China’s local governments to return 1.9 billion yuan (US$267.7 million) of subsidies after the company failed to …

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