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Published on Thursday, July 21, 2011

China banking watch: "Who will foot the bill for local government fiscal stimulus?"

One of the legacies of China's massive infrastructure-focused stimulus program in 2008-2009 has been the rise in local government debt.

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Report (PDF)

110721_Chinabankingwatch_tcm346-282214.pdf Spanish July 21, 2011
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BBVA ResearchBBVA Research

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Asia

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