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China's MOF: The fiscal situation is healthy in general; China has enough room to cope with risks; undertaking transfer payments
#China's MOF:
— CN Wire (@Sino_Market) June 5, 2023
The fiscal situation is healthy in general.
The distribution of local government debt is uneven, and some regions have higher debt risks.
China has enough room to cope with risks.
The central is undertaking transfer payments.
Source: Xinhua