BEIJING (Reuters) - China's upcoming reforms will help ease local government debt burdens, and the risks of local government debt are under control, a senior Communist Party official said on Wednesday.
Yang Weimin, vice head of the Office of the Central Leading Group on Finance and Economic Affairs also told a news briefing that the government is still working on detailed implementation plans for some reforms.
Last week, China's leaders unveiled a reform agenda for the next decade, pledging to let the market play a "decisive" role in the economy and outlining sweeping changes to unleash fresh growth drivers.
(Reporting By Kevin Yao)
- Singapore International News
- Politics & Government