Local govt debt information is 'opaque'

Updated: 2013-07-09 14:18

By Zheng Yangpeng (chinadaily.com.cn)

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The publicized financial position of local governments is stubbornly opaque, a study by Tsinghua University's School of Public Policy and Management revealed on Monday.

The study, based on a survey of China's 289 prefecture-level and higher cities, found that only 13 cities, or 4 percent of the total surveyed, disclosed their level of funding and debt.

Only two cities actually fully publicized the debt level.