1. Growth v debt.
- Subjects
- *
ECONOMIC development , *PUBLIC debts , *GOVERNMENT business enterprises , *POLITICAL corruption , *CONFLICT of interests - Abstract
The article discusses political and economic issues in China, particularly the operation of the companies called local-government financing vehicles (LGFV). Also cited are the issue of conflict of interest facing the officials of LGFVs, the move by the Chinese central government to address possible corruption of LGFV officials, the role of LGFVs in promoting economic growth, and the issues about their debts.
- Published
- 2022