TITLE

China's Local Government Debt Crisis

AUTHOR(S)
Li Meng
PUB. DATE
April 2012
SOURCE
SERI Quarterly;Apr2012, Vol. 5 Issue 2, p32
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Though China is one of the world's largest creditor nations, its local governments have accumulated worrisome amounts of debt. Tax system changes and the global financial crisis have spurred excessive borrowing, while state owned enterprises have squeezed out the private sector. China will need to take measures to ensure that its local government debt does not become a liability for its still booming economy.
ACCESSION #
74421483

 

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