BEIJING -- China said it will consider "new reforms for the fiscal and tax systems" as it looks to support local authorities struggling with shrinking incomes and heavy debt, but provided no details in its latest government work report.
China debt crunch
China work report pledges to tackle local debt, without specifics
Annual document avoids contentious proposal to raise retirement age
Construction of this apartment complex in northern China's Shanxi province stalled two years ago after the developer's funds dried up. (Photo by Iori Kawate)
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