Abstract:Through 30 years of reform and opening up, China's undertakings have achieved rapid development. But at the same time, local governments have accumulated a lot of debt. Chinese local government debt issue has caused domestic and foreign economists and decision-makers attach great importance to it. It is an important thing to strengthen local government debt management and regulatory enforcement power to prevent and resolve the debt risk to ensure the sustainable, healthy and stable development of the Chinese e… Show more
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