Moody's says lower growth targets of Chinese RLGs reveal significant regional disparities - Reuters

Lower growth and revenue targets adopted by China's regional and local governments (RLG) reveal significant regional disparity, rating agency Moody's said on Thursday, according to Reuters. 

Key quotes

Weak economic growth and the planned tax and fee cuts have led Chinese RLGs to lower growth and revenue targets. 

RLGs funding gap persists, particularly in central and western regions with large infrastructure spending needs.