Business, Management and Accounting
8 years ago

China's Local Government Debt Crisis: Cleaning Up Now for Future Stability.

Cai-jing wenti yanjiu
China's Local Government Debt Governmence:Short-Term Objectives and Long-Term Mechanism
Cui Jun

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China is facing a problem with local government debt. The root causes lie in how local governments get and spend money. To fix this, the focus should be on cleaning up local financing platforms and their debts in the short term. In the long run, a system should be put in place to strengthen local government finances and manage debt better.