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Jilin Joins China’s List of Low-Risk Provinces After Debt Drop
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Jilin Joins China’s List of Low-Risk Provinces After Debt Drop
January 27 — As part of China’s efforts to mitigate local government debt risks, northeastern Jilin Province has been removed from an official list of areas identified as high-risk, making it the second region to do so following Inner Mongolia Autonomous Region. Last year, Jilin’s gross domestic product increased by 5%, and public budget revenues rose by 13.3%, reflecting ongoing fiscal stability and a successful move off the central government’…
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