BOAO 2015 / PHOTOS
Debt level of China's local governments are under control
Published: Mar 27, 2015 05:31 PM

China's Finance Minister Lou Jiwei said at the Boao Forum on Friday that the debt level of China's local governments in general are well under control. But Lou reemphasized that the central government will not bail out local governments that cannot repay their debts. Photo: Liang Fei/GT