Analysts expect authorities to step up their efforts this year, focusing on local government debt, rising corporate and household debt levels and dealing with «zombie» companies. (cnbc.com)
Progress in a few areas has been solid: slashing of bureaucratic red tape has led to a surge in new private businesses; full liberalization of interest rates seems likely following the introduction of bank deposit insurance in May; Rmb 2 trillion (US$ 325 billion) of local government debt is being sensibly restructured into long - term bonds; tighter environmental regulation and more stringent resource taxes have contributed to a surprising two - year decline in China's consumption of coal. (brookings.edu)
As a perverse reward for its rapid growth and heavy infrastructure investment, China is starting to face some of the trials of mature economies: a stagnant workforce, a real estate bubble, and high local government debt levels. (canadianbusiness.com)