Business, Management and Accounting
8 years ago

China Considers Bankruptcy Mechanism for Local Government Debt Management

Zhongyang Caizheng Jinrong Xueyuan xuebao
The Research on Strengthening Constraint Mechanism of Local Government Debt Financing in China: The Case Study of Bankruptcy Mechanism of Local Government in USA
Wen Lai-chen

Paper Summary

Related papers

Theme background image
Social Sciences
4 years ago

China's Local Government Financing Platforms: A Fortune Turned Misfortune?

Fiscal Decentralization
Tax Avoidance
Infrastructure Impact
1 view
Theme background image
Social Sciences
5 years ago

Chinese Corporate Debt on Local Government Platforms Poses Potential Risks.

Fiscal Decentralization
1 view
Theme background image
Social Sciences
6 years ago

Central government projects fuel local debt expansion, risking financial stability.

Fiscal Decentralization
1 view

The article compares how China and the United States manage local government debt. It looks at laws, systems, and oversight. By studying US local government bankruptcies, China can improve its debt management. Suggestions include setting up early warning systems, holding officials accountable for debt risks, and creating financial reporting and credit rating systems. Central government control can also help prevent local government risks.