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International Business Times
International Business Times
Business
AFP News

Beijing Vows To Ease Local Government Debt Woes After Key Meeting

Beijing Han Wenxiu Economy China
Beijing sought to allay concerns at a Friday press conference featuring a lineup of officials (Credit: AFP)

Chinese officials pledged Friday to help ease debt pressure on local governments through reforms to the tax system, after a key political gathering in the capital focused on jumpstarting the faltering economy.

All eyes were on how this week's Third Plenum of the Communist Party in Beijing, attended by President Xi Jinping, might tackle the deepening economic malaise.

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