Social Sciences
7 years ago

China's Innovative Solutions to Tackle Local Government Debt Crisis.

The Singapore Economic Review
INNOVATIONS IN THE SUSTAINABLE MANAGEMENT OF LOCAL GOVERNMENT LIABILITIES IN CHINA
Jinchuan Shi, Zhikai Wang, Xiaojiang Wang

Paper Summary

Local government debt in China is a big problem that could harm the economy. To fix this, China needs to control local government debt, clean up urban financing vehicle debt, develop the local bond market, and come up with new ways to manage local government debt. By doing this, China can handle local government debt and help the economy grow in the long run.

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