China Struggles to Find Solutions for Local Government Debt Problem: Experts

The twice-a-decade closed-door Central Financial Work Conference turned out to be a letdown, say analysts.

An aerial view shows Pudong area in Shanghai during the COVID-19 lockdown on March 30, 2022. Hector Retamal/AFP via Getty Images

News Analysis

Although the overarching tone of the two-day Central Financial Work Conference (CFWC) that concluded on Oct. 31 was to lay a greater emphasis on financial safety and regulations, addressing and preventing the debt spiral of the struggling Chinese provinces would be easier said than done.