China’s rural-revitalisation plan calls on banks to support infrastructure projects, but avoid hidden-debt trap

Source: China – South China Morning PostChina is giving new impetus to its trillion-dollar campaign to revitalise the nation’s vast countryside, by calling on banks to lend more money for rural infrastructure projects in the coming years, as the nation tries to leverage such investments to help curb an economic slowdown.As part of the nation’s five-year plan (2021-25) to modernise its agricultural and rural sectors, Beijing will roll out a rural public infrastructure programme. This includes expanding its 5G network to support high…Read More

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