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What’s next for China, US with trade war ‘on hold’; local governments ‘don’t want to repay’ huge debts

SinoInsight 1 Chinese financial magazine Caixin recently reported that Lei Zhiqiang, the former vice mayor of Tianshui City in Gansu Province, was prosecuted on charges of corruption involving over 9.2 billion yuan. OUR TAKE 1. Tianshui City’s 2017 fiscal revenue was about 14.8 billion yuan. And former vice mayor Lei’s corruption case involves a sum …

Read moreWhat’s next for China, US with trade war ‘on hold’; local governments ‘don’t want to repay’ huge debts

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