Series: IMF Working Papers
Author(s): W. Raphael Lam , and Jingsen Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 September 2018
Keywords: Asia and Pacific, China; Local Government; Subnational fiscal balance; bond market, China, Local Government, Subnational fiscal balance, bond market, Other, General, State and Local Borrowing, Government Policy and Regulation
Local governments play a significant role in China's public finance and fiscal operations. The size of local government debt has grown rapidly over the past years, exceeding the stock of sovereign debt in China. Ho...