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

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

Volume/Issue: 2013/243

Series: IMF Working Papers

Author(s): Yinqiu Lu , and Tao Sun

Publisher: Bank of Communications/New Finance

Publication Date: 16 December 2013

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781484335895.001

ISBN: 9781484335895

Keywords: Governance, China, Government expenditures, Revenues, Bond issues, Banks, local governments, local government borrowing, local government debt, local government revenue

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 risks they are posi...

The Evolving Role of Fiscal Policy in Centrally Planned Economies Under Reform
			: The Case of China

The Evolving Role of Fiscal Policy in Centrally Planned Economies Under Reform : The Case of China »

Volume/Issue: 1989/26

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 1989

DOI: http://dx.doi.org/10.5089/9781451981698.001

ISBN: 9781451981698

Keywords: fiscal policy, expenditure, taxation, government expenditure, government revenue

Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic manage...