Source: China – South China Morning PostBeijing’s pledge to “front-load” policies that include infrastructure spending to shore up the economy next year will not be effective unless it also loosens its grip on local government debt, according to analysts.At the tone-setting annual central economic work conference that concluded on December 10, China’s leaders emphasised the need to stabilise growth and promised to accelerate fiscal spending, allow the construction of new infrastructure and implement new tax and fee-reduction policies…Read More