{"id":141739,"date":"2025-11-15T20:09:13","date_gmt":"2025-11-15T20:09:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/141739\/"},"modified":"2025-11-15T20:09:13","modified_gmt":"2025-11-15T20:09:13","slug":"chinese-local-governments-risk-replicating-debt-mistakes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/141739\/","title":{"rendered":"Chinese local governments risk replicating debt mistakes"},"content":{"rendered":"<p><a class=\"ArticleTag_articleTag__P1Zo7\" href=\"https:\/\/asia.nikkei.com\/spotlight\/caixin\" data-trackable=\"primary-tag\" data-dark-mode=\"false\" rel=\"nofollow noopener\" target=\"_blank\">Caixin<\/a><\/p>\n<p class=\"NewsArticleHeader_newsArticleHeaderSubtitle__ZlvPp\" data-trackable=\"subhead\" data-dark-mode=\"false\">Previous financing vehicles piled pressure on borrowers<\/p>\n<p><img decoding=\"async\" class=\"image-main img-fluid ImageNew_imageNewImageResponsive__f1VTu\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/11\/https:\/\/cms-image-bucket-productionv3-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com\/images\/4\/9.jpeg\" alt=\"20251114 Caixin\" width=\"780\" height=\"auto\" loading=\"eager\"\/><\/p>\n<p class=\"NewsArticleCaption_newsArticleCaption__fxo8v\" data-trackable=\"caption\" data-dark-mode=\"false\" style=\"display:block\">Tourists wearing Qing dynasty costumes visit one of Beijing&#8217;s many\u00a0historic sites on Oct. 1.\u00a0Many so-called culture and tourism investment companies have been struggling with ailing projects, despite favorable conditions in China&#8217;s tourism sector. \u00a9 Reuters<\/p>\n<p>QING NA, Caixin<\/p>\n<p>November 15, 2025 11:04 JST<\/p>\n<p id=\"main0-p-1\" data-dark-mode=\"false\" class=\"Paragraph_paragraph__2p1wC\">Chinese local governments have increased the number of culture and tourism investment companies (CTICs) in recent years, with some designed to shift their traditional financing vehicles onto a market-oriented footing, allowing localities to sidestep strict borrowing limits.<\/p>\n","protected":false},"excerpt":{"rendered":"Caixin Previous financing vehicles piled pressure on borrowers Tourists wearing Qing dynasty costumes visit one of Beijing&#8217;s many\u00a0historic&hellip;\n","protected":false},"author":2,"featured_media":141740,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,229,1322,113,12519,61,60,342,81459,81458,4597],"class_list":{"0":"post-141739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-chinese","10":"tag-debt","11":"tag-economy","12":"tag-governments","13":"tag-ie","14":"tag-ireland","15":"tag-local","16":"tag-mistakes","17":"tag-replicating","18":"tag-risk"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/141739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=141739"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/141739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/141740"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=141739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=141739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=141739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}