How to Address the Gray Rhino Risk of Local Government Debt

Shusong Ba ()

Chapter Chapter 41 in The New Cycle and New Finance in China, 2022, pp 321-324 from Springer

Abstract: Abstract By the end of 2016, the outstanding local government debt in China stood at 15.32 trillion yuan, with the debt ratio of 80.5%, down 8.7% from 2015. In addition, the upper limit for local government debt, approved at the Fifth Session of the 12th National People's Congress for 2017, is 18.82 trillion yuan, and the outstanding debt as of the end of June is 15.86 trillion yuan, within the official limit, but the potential risks of China's local government debt should not be ignored.

Date: 2022
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DOI: 10.1007/978-981-16-8209-4_41

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