• 11/10/2024

China’s local government debt woes ground ambitions of regional airlines as overdue subsidies mount up

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Regional state carrier Joy Air has filed three lawsuits since the start of the year against three local governments in China, with two concerning overdue subsidies.

https://www.scmp.com/economy/china-economy/article/3265365/chinas-local-government-debt-woes-ground-ambitions-regional-airlines-overdue-subsidies-mount?utm_source=rss_feed