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Published on Wednesday, July 20, 2011

Who will pay the bill for local governments’ fiscal stimulus?

Summary

One of the legacies of China's massive, infrastructure-led stimulus program of 2008-09 has been a build-up of local government debt.

Geographies

Documents and files

Report (PDF)

110721_ChinaWatch_LGFV_CN_tcm348-265046.pdf

Chinese - July 20, 2011

Report (PDF)

110721_Chinabankingwatch_LGFV_EN_tcm348-282203.pdf

English - July 20, 2011

Authors

BR
BBVA Research BBVA Research
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