Local people's governments at all levels are the executive bodies of the local organs of state power at their respective levels; they are the state administrative organs at the local levels. Local ...

​China's local governments issued new bonds worth about 1.49 trillion yuan (about 207.63 billion U.S. dollars) in the first four months of 2025, data from the Ministry of Finance showed Wednesday.

请看《中国日报》的报道： The Chinese government said risks related to borrowing by local government-backed investment units are "controllable" and would not cause systemic damage to the economy, as it worked out ...