People’s Republic of China: Knowledge Work on Local Government Bond Market

Consultants' Reports | April 2015
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As a result of a major government reform initiative since 2014 a new system of local government finance and debt management is now evolving. Discussions are still underway on how to best use various elements of this system, including central government transfers, public private partnerships, and local government bonds, among others, and how to deal with the existing debt stock.