2013-12-18
Are China's Local Government Financing Platforms A Fortune or Misfortune?
The article's authors are Yinqiu Lu and Tao Sun, who prepared the paper for the International Monetary Fund China's Local Government Financing Platforms (LGFPs) are the backbone of local governments in promoting infrastructure development in China. As the principal financing agents for local governments, their crucial role in upgrading China’s infrastructure and promoting economic growth […]
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