Beijing vows fiscal support for debt-stricken provinces

Beijing vows fiscal support for debt-stricken provinces

China pledged fiscal support for its debt-saddled local governments, but analysts said the stimulus may not be enough to shift forecasts for growth in the world’s second-biggest economy. The finance ministry indicated it would expand central government bond issuance and bolster transfers to provincial authorities, though it was unclear if the overall scale of the fiscal effort would be markedly different from one undertaken in 2025. China’s prov…