New development: Is China's local government debt problem getting better or worse?

被引：14
|
作者：
Bo, Lan [1 ]
Yao, Haixin [1 ]
Mear, Fred C. J. [2 ]
机构：
[1] Liaoning Univ, Sunwah Int Business Sch, Shenyang, Peoples R China
[2] De Montfort Univ, Leicester Castle Business Sch, Leicester, Leics, England
来源：
PUBLIC MONEY & MANAGEMENT | 2021年 / 41卷 / 08期
关键词：
China’ debt transparency; hidden debt; local government bonds;
D O I：
10.1080/09540962.2021.1881273
中图分类号：
C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;
摘要：
China's central government has been addressing the country's local government hidden debt since 2015 with the introduction of a 'New Budget Law' to make the debt explicit (transparent). The authors discuss the progress made, the continuing systemic risk of hidden debt, and the impacts of central government action on debt costs and funding opportunities. This paper adds to the literature on the management of general government debt.
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页码：663 / 667
页数：5
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