Outlooks 2022

#MoodysOutlooks

OUTLOOK

China Regional and Local Governments: Lower revenue, debt-financed growth drive negative outlook

Our outlook for Chinese RLGs is negative, driven by a number of factors including lower land sale revenues and higher debt issuance to fund infrastructure spending. Regional growth will be uneven, reflecting varied economic fundamentals and carbon transition risks. Find out why RLG funding gaps will widen in the coming year.

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