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3 Apr 2020
China’s Vice Finance Minister: Government debt levels are generally under control
China’s Vice Finance Minister was out on the wires earlier today, via Reuters, noting that the government debt levels are generally under control.
Raising budget deficit ratio and issuing special treasury bonds would need approval from the parliament, he said.
This comes after China’s Banking and Insurance Regulator Vice Head said they will support local governments to inject capital into small banks.
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