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- W2369332016 abstract "The risk of local government debts which should be paid close attention to is one of the major economic risks in the functioning of an economy.Affected by the local governments'investment impulse,the unsustainable rapid expansion of financing vehicles and the inherent vulnerabilities of the public finance system,local governments in China are chronically confronted with many problems,such as the sheer size of the public debts,the fast increasing indebtedness and low effective use of funds;and others are giving the same weight,such as the mismatch in the assets-liability management,some illegal financing and using activities,and land auctions being a major source of fiscal income.In a situation like this,it is imperative that issues of reestablishing local debt system and preventing local government debts need to be solved as urgent problems.In allusion to those reasons,the suggestion of solving huge indebtedness is to clearly define the function of government,advance political restructuring,and give local government appropriate right to control purse strings;it also gives suggestions on deepening financial system reform,standardizing the local financing platform,innovating local governments'financing model,improving the mechanism of local debt risks,and so on." @default.
- W2369332016 created "2016-06-24" @default.
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- W2369332016 date "2014-01-01" @default.
- W2369332016 modified "2023-09-23" @default.
- W2369332016 title "China's Local Government Debts:Risks,Causes and Precautions" @default.
- W2369332016 hasPublicationYear "2014" @default.
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