Debt of Local Governments of China: Assessment Issues and Analysis

M. Yu. Kozhevnikov ()
Additional contact information
M. Yu. Kozhevnikov: Institute of Economic Forecasting, Russian Academy of Sciences

Studies on Russian Economic Development, 2019, vol. 30, issue 6, 714-716

Abstract: Abstract The article discusses the problems and methods of overcoming the financial debt of local authorities in China. Difficulties of their solution are noted, due mainly to the inconsistency of short-term bank loans with the long-term needs of the implementation of local infrastructure projects. The measures taken by the country’s leadership to alleviate the burden on regional budgets were analyzed: providing the opportunity to convert part of short-term debts into long-term debts by issuing special bonds of local governments and reallocation of part of the special expenses of the local budget to the central budget.

Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1134/S1075700719060066 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sorede:v:30:y:2019:i:6:d:10.1134_s1075700719060066

Ordering information: This journal article can be ordered from
https://www.springer ... nomics/journal/11507

DOI: 10.1134/S1075700719060066

Access Statistics for this article

Studies on Russian Economic Development is currently edited by Viktor V. Ivanter, Dmitrii B. Kuvalin and Galina A. Yaremenko

More articles in Studies on Russian Economic Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().