China’s finance ministry has acknowledged that public-private partnerships for infrastructure investment have become a vehicle for “disguised borrowing” by local governments, as Beijing targets systemic risk from rising regional debt.
中國財政部承認，面向基礎設施投資的公私合作伙伴關系安排已經變成地方政府變相舉債的工具。目前北京方面正在應對區域債務不斷上升所帶來的系統性風險。
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