Economic Watch: China intensifies efforts to mitigate local debt risks

BEIJING, March 10 (Xinhua) -- As China takes a proactive fiscal policy approach, the issuance of local government special bonds has been significantly ramped up, marking a pivotal effort in the country's endeavor to balance economic growth and financial risk management.

This year's government work report, budget report, and economic and social development plan report submitted to the National People's Congress (