On Air Now

Listen

Listen Live Now » 101.9 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
60° Feels Like: 60°
Wind: ESE 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Cloudy 78°

Tonight

Rain/Thunder 66°

Tomorrow

Heavy Thunderstorms 77°

Alerts

China reforms will help ease local government debt burdens: official

China's President Xi Jinping stands next to a Chinese national flag during a welcoming ceremony at the Great Hall of the People, in Beijing,
China's President Xi Jinping stands next to a Chinese national flag during a welcoming ceremony at the Great Hall of the People, in Beijing,

BEIJING (Reuters) - China's upcoming reforms will help ease local government debt burdens, and the risks of local government debt are under control, a senior Communist Party official said on Wednesday.

Yang Weimin, vice head of the Office of the Central Leading Group on Finance and Economic Affairs also told a news briefing that the government is still working on detailed implementation plans for some reforms.

Last week, China's leaders unveiled a reform agenda for the next decade, pledging to let the market play a "decisive" role in the economy and outlining sweeping changes to unleash fresh growth drivers.

(Reporting By Kevin Yao)

Comments