Zhang Ming says local govt handicapped by short-term, high-interest debt, & unaffordable responsibilities
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Chinese Academy of Social Sciences economist advises Beijing to share revenue or shoulder more entitlement, restructure debt before swapping debt with SOE shares, & make contingency plans.
Zhang Ming says local govt handicapped by short-term, high-interest debt, & unaffordable responsibilities
Zhang Ming says local govt handicapped by…
Zhang Ming says local govt handicapped by short-term, high-interest debt, & unaffordable responsibilities
Chinese Academy of Social Sciences economist advises Beijing to share revenue or shoulder more entitlement, restructure debt before swapping debt with SOE shares, & make contingency plans.