China’s New Debt Plan Set to Boost Economic Development
China’s NPC approves a proposal to increase local government debt limits by 6 trillion yuan, aiming to replace hidden debts and boost economic development through enhanced local investments.
Local Government
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Birmingham City Council’s Bankruptcy Highlights Impact of Austerity Measures
Birmingham City Council has declared bankruptcy due to equal pay claims and years of austerity measures, highlighting the financial strain on UK local governments.