Beijing – The Chinese government has announced a package of Rs 118 lakh crore for the states. The debt on the state governments of China has increased a lot. According to the data of the Chinese government, the state governments have a debt of Rs 700 lakh crore.
To improve the economic condition of the state governments, the central government of China has given Rs 118 lakh crore as a package to various state governments. The way the burden of debt is increasing on state governments and local institutions in China, it has increased the worries of the Chinese government.
