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

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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.

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    BBVA Research BBVA Research

    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

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