China’s premier Li Qiang on Friday hosted a cabinet meeting to study measures to prevent and resolve local debt risks, state radio China National Radio reported.
The meeting also studied measures to attract and utilise foreign investment, the report said.
Officials agreed to “accelerate the establishment of a government debt management system that gradually resolves local government debt risks but also facilitates high-quality development,” according to a readout of the meeting.
The cabinet also said they would take further steps to optimise China’s business environment and stabilise foreign investment, the readout added.
Reuters