Local Government Financing Platforms in China: A Fortune or Misfortune?

Local Government Financing Platforms in China: A Fortune or Misfortune?
China's rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs)into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risksthey are posing to the financial sector, local governments, and sovereign balance sheet. This paperargues that LGFPs were a fortune for China in the READ MORE...

Publication date: December 2013
ISBN 9781475599671
$18.00

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