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China’s plans to issue special government bonds to help local governments get their debts under control as it pushes them to pay their overdue bills gave Edward Zeng, the founder of a tech start-up, a glimmer of hope this month because he has been waiting for payment for years. In 2019, Zeng’s tech company was […]
China’s Ministry of Finance said on Tuesday that it would expand the Water Tax Interim Measures from 10 provinces to the entire nation, effective from December 1, amid efforts to provide debt-ridden local authorities with more revenue. The measures aim to safeguard water resources, curb groundwater over-exploitation, ease the growing supply-demand imbalance and refine the […]