State Council Meeting: Study the Promotion of Local Government Debt Risk Resolution Initiatives

Li Qiang presided over a State Council executive meeting to discuss the work related to resolving the debt risks of local governments. The meeting pointed out that since the implementation of the comprehensive debt resolution plan, significant progress has been made in resolving debt risks. It is necessary to continue to focus on key areas and weak links, improve policies supporting debt resolution, enhance the ability of local governments to repay debts autonomously, and ensure that the debt resolution tasks are completed on schedule. It is also important to establish and improve a long-term mechanism to resolutely prevent the accumulation of implicit debts.