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    Debt alert for local authorities

    By Zheng Yangpeng | China Daily | Updated: 2013-02-05 07:44

    Debt alert for local authorities

    Reliance on infrastructure may lead to overexposure, experts say

    Plans announced by local governments to invest heavily in fixed assets this year have ignited a chorus of debt warnings from experts.

    A total of 19 provincial-level regions, out of 31 on the mainland, have set fixed-asset investment growth targets above 20 percent. Most of them are in central and western regions.

    Debt alert for local authorities

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