IDEAS home Printed from https://ideas.repec.org/a/taf/pubmmg/v41y2021i8p663-667.html
   My bibliography  Save this article

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

Author

Listed:
  • Lan Bo
  • Haixin Yao
  • Fred C.J. Mear

Abstract

As the world deals with the Covid-19 pandemic, debt risks are increasing, as is the pressure to hide debt. The lessons learnt from analysing the progress made by China in controlling hidden debt will be of use to accountants, financial managers and policy-makers in other countries. The authors also make suggestions for the Chinese local and central government going forward.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.

Suggested Citation

  • Lan Bo & Haixin Yao & Fred C.J. Mear, 2021. "New development: Is China’s local government debt problem getting better or worse?," Public Money & Management, Taylor & Francis Journals, vol. 41(8), pages 663-667, November.
    • Handle: RePEc:taf:pubmmg:v:41:y:2021:i:8:p:663-667
    DOI: 10.1080/09540962.2021.1881273
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09540962.2021.1881273
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09540962.2021.1881273?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:pubmmg:v:41:y:2021:i:8:p:663-667. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RPMM20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.