About this document
2023 Report Shih Local Government Debt Dynamics in China by Lê Tú Quyên is a document available to read on EtoBox.
This report examines the dynamics of local government debt in China, highlighting a dramatic rise in total local debt to approximately 50 trillion yuan by 2023, with significant implications for financial stability and growth. The analysis reveals that debt servicing has become increasingly burdensome, with 12 provinces experiencing debt servicing surpassing their monthly fiscal income. The report suggests that without substantial increases in local revenue or central transfers, the challenges posed by loca
- Author
- Lê Tú Quyên
- Language
- EN