Source: South China Morning PostChina’s top legislature has urged the nation’s cash-strapped regional governments not to “blindly expand” infrastructure projects due to concern about mounting financial risks stemming from trillions of yuan worth of coronavirus stimulus last year.“Some regional governments are facing heavy debt burdens, while there were still new increases of implicit liabilities,” the financial and economic affairs committee of the National People’s Congress (NPC) said during its review of budget…Read More