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Published on: 10. November 2024

Debt restructuring: How Beijing plans to get rid of 14 trillion yuan of debt

220305 -- BEIJING, March 5, 2022 -- The fifth session of the 13th National People s Congress NPC opens at the Great Hall of the People in Beijing, capital of China, March 5, 2022. Leaders of the Communist Party of China and the state Xi Jinping, Li Keqiang, Wang Yang, Wang Huning, Zhao Leji, Han Zheng and Wang Qishan attended the opening meeting of the fifth session of the 13th NPC, and Li Zhanshu presided over the meeting. TWO SESSIONSCHINA-BEIJING-NPC-ANNUAL SESSION-OPENING CN JuxPeng PUBLICATIONxNOTxINxCHN
Government representatives have announced a debt restructuring program for local authorities. Details on aid for the economy and the real estate market, which some experts had called for, remained open.

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Last updated: 24. July 2025
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