The Central Economic Work Conference pointed out that local government debt risks should be actively and orderly resolved, all regions should be urged to take active debt, and that hidden debts must not be added in violation of regulations. Optimize debt restructuring and replacement methods, and take more measures to mitigate the operating debt risks of local government financing platforms. In response, Yuan Haixia, executive director of the China Chengxin International Research Institute, said that the statement “take more measures to resolve the operating debt risk of local government financing platforms” responds to the market's great concern about the operating debt of local government financing platforms. This portion of debt needs to be classified and disposed of on the basis of classification and screening. Debts arising from our own operations also need to be resolved steadily through market-based and rule-of-law methods, using financial instruments such as debt rollover and replacement on the basis of negotiations between financial institutions and platforms.

The Central Economic Work Conference pointed out that local government debt risks should be actively and orderly resolved, all regions should be urged to take active debt, and that hidden debts must not be added in violation of regulations. Optimize debt restructuring and replacement methods, and take more measures to mitigate the operating debt risks of local government financing platforms. In response, Yuan Haixia, executive director of the China Chengxin International Research Institute, said that the statement “take more measures to resolve the operating debt risk of local government financing platforms” responds to the market's great concern about the operating debt of local government financing platforms. This portion of debt needs to be classified and disposed of on the basis of classification and screening. Debts arising from our own operations also need to be resolved steadily through market-based and rule-of-law methods, using financial instruments such as debt rollover and replacement on the basis of negotiations between financial institutions and platforms.