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Economy

China curbs infrastructure spending as local debt climbs

Slowdown exacerbates the plight of depressed regions

Construction material for a subway in the Inner Mongolia Autonomous Region city of Baotou. Growth here is some of China's lowest due to weaker infrastructure spending.（Photo by Yusho Cho)
ISSAKU HARADA, Nikkei staff writer | China

BEIJING -- China is slamming the brakes on infrastructure investment to reel in soaring local debt, but the move is certain to hurt regions reliant on public works projects, widening the country's already stark economic gaps. 

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