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Article Summary
  • Local governments in China are struggling to pay wages due to lack of funds
  • Some local governments are delaying or reducing salary payments to employees
  • The economic impact of the Covid-19 pandemic has worsened the financial situation for local governments
  • China's central government is urging local officials to prioritize wage payments
  • There are concerns about social stability and unrest if wage payments continue to be delayed Tone: Concerned and urgent
Check out the full article here.
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China
  The Wall Street Journal     4 hours ago
China's Local Governments Hold Back Wages In Desperate Scrape For Cash
Beijings recent attempt to address the trillions in hidden debt held by local governments only scratches the surface.
https://www.wsj.com/articles/chinas-local-governme...
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