| Autor: |
Kai Yuen Tsui |
| Předmět: |
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| Zdroj: |
Eurasian Geography & Economics; Sep/Oct2011, Vol. 52 Issue 5, p686-711, 26p |
| Abstrakt: |
The article presents the author's view on the financing problems actuated by debt-laden local governments in China in the consequence of the global financial crisis. The author states that the cause of China's local debt overhang to a protracted debt-financed infrastructure investment boom created by several key institutions including the banking sector. Moreover, the author argues that high levels of debt may obstruct China's efforts to mitigate structural imbalances in its economy. |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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