BEIJING (Reuters) -- Chinese lawmakers reviewed a cabinet bill that would raise ceilings on local government debt to replace existing hidden debt as the standing committee of China's top legislature started their meeting on Monday, state media Xinhua reported.
The bill is a closely-watched topic on the agenda of the Monday-to-Friday meeting of the Standing Committee of the National People's Congress (NPC), as the heavy burden of local government debt has weighed on investment and economic growth.
