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Local government finances

China's local government debt burden weighs on investment

by Sabri Ben-Achour and Alex Schroeder
Aug 23, 2023
Fixing the problem could require a major structural change in how the world's second-largest economy operates.
The local government debt crisis China faces is directly linked to troubles in the property sector.
Johannes Eisele/AFP via Getty Images
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The current state of state finances

by Chris Farrell
Jan 16, 2014
Most states are doing good when it comes to their balance sheet, even capturing that elusive word -- surplus!
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