Analysis-As it reins in wasteful investment, China frets over growth

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Local Governments,China,Jack Yuan

China's local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure investment, fuelling...

China's local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure investment, fuelling talk that such funds could be used in other areas to stimulate growth back towards target. Investment at a municipal level has for years been one of the most efficient tools to stabilise growth in the world's second-largest economy, whose poor performance in recent months calls for another injection of government stimulus.

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