# local government debt
Latest news and articles about local government debt
Total: 3 articles found
China’s 2026 Outlook: Yao Yang Sees Stable U.S.-China Ties but Warns Housing Will Decide the Recovery
Economist Yao Yang predicts a period of relative stability in U.S.‑China relations in 2026, arguing that strategic retrenchment in Washington will reduce bilateral volatility. He warns, however, that China’s domestic recovery depends on housing prices and local government spending, and urges large, explicit central fiscal support to revive demand.
China Pledges Bigger, Smarter Spending in 2026 as Fiscal Push Shifts from Quantity to Quality
China’s finance ministry has pledged that public spending will rise in 2026 while shifting focus to more efficient, targeted outlays. The statement follows a large 2025 fiscal expansion — including an elevated deficit and heavy bond issuance — and is accompanied by measures to stimulate consumption, support enterprise innovation, and clean up local fiscal practices.
China's Economy Hits 140 Trillion Yuan as Stimulus, High-Tech Industry and Exports Sustain 5% Growth
China’s GDP grew 5.0% in 2025 to 140.19 trillion yuan, powered by stepped-up fiscal stimulus, robust exports and faster expansion in high-tech manufacturing. Analysts expect growth to be around 4.8–5.0% in 2026, with risks centring on the property sector, local-government debt and potential weakening external demand.