CHINA PRESS: Debt Risk An Important Concern - Expert

China should pay attention to the balance between government debt and economic growth as local-government debt has become an important concern, according to Sun Xiaoxia, former director at the Finance Department of the Ministry of Finance. Sun said China had benefited from using local-government debt for national development in the past, but now faced the rapid expansion of local debt scale and rising debt pressure. Authorities should consider increasing the national general budget deficit, which still has room for fiscal expansion. (Source: 21st Century Herald)