Xu Gao: China's historical, unitary framework implies central govt responsibility for local govt debt
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There's no moral hazard: Chief Economist of Bank of China International (China) breaks down China's local govt debt into three dimensions: data, the "China model", and central-local govt relationship.
Xu Gao: China's historical, unitary framework implies central govt responsibility for local govt debt
Xu Gao: China's historical, unitary framework…
Xu Gao: China's historical, unitary framework implies central govt responsibility for local govt debt
There's no moral hazard: Chief Economist of Bank of China International (China) breaks down China's local govt debt into three dimensions: data, the "China model", and central-local govt relationship.