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

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dc.cclicenceCC-BY-NCen
dc.contributor.authorMear, Fred
dc.contributor.authorLan, Bo
dc.contributor.authorYao, Haixin
dc.date.acceptance2021-12-17
dc.date.accessioned2022-01-28T11:48:32Z
dc.date.available2022-01-28T11:48:32Z
dc.date.issued2021-02-10
dc.description.abstractChina’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.en
dc.exception.reasonnot deposited within three months of publicationen
dc.funderNo external funderen
dc.identifier.citationBo, L. , Yao, H., and Mear, F.C.J. (2021) New development: Is China’s local government debt problem getting better or worse? Public Money & Management, 41 (8), pp. 663-667en
dc.identifier.doihttps://doi.org/10.1080/09540962.2021.1881273
dc.identifier.issn0954-0962
dc.identifier.urihttps://hdl.handle.net/2086/21644
dc.language.isoenen
dc.peerreviewedYesen
dc.publisherTaylor and Francisen
dc.researchinstituteCentre for Research in Accountability, Governance and Sustainability (CRAGS)en
dc.subjectChina’ debt transparency;en
dc.subjecthidden debten
dc.subjectlocal government bondsen
dc.titleNew development: Is China’s local government debt problem getting better or worse?en
dc.typeArticleen

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