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Published on Wednesday, July 20, 2011

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

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

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110721_Chinabankingwatch_LGFV_EN_tcm348-282203.pdf English July 20, 2011
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Report (PDF)

110721_ChinaWatch_LGFV_CN_tcm348-265046.pdf Chinese July 20, 2011
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