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New development: Implicit government debt in China—past, present and future

Lan Bo, Lei Jiang, Fred C. J. Mear and Shengqiang Zhang

Public Money & Management, 2023, vol. 43, issue 4, 370-373

Abstract: China’s central government has taken a more active and resolute attitude to solve the hidden debt problem, which has achieved positive results. However, the transformation of local government financing platforms is full of uncertainty, therefore the challenges of future implicit debt resolution have still to be met. As many developing countries are facing an increasing debt burden, China’s exploration and experience in defusing local government debt risk may be of use to debt management and debt transparency in other countries.

Date: 2023
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DOI: 10.1080/09540962.2022.2147290

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