Debt Risk Under Control
China's National Audit Office recently issued a report on the debt held by the Central Government. It shows that China's government debts are not serious enough to trigger panic in the market, as they are yet to cross the warning line, meaning that they are still controllable
Bringing Debt Down
Under China's laws, local governments are barred from borrowing directly from banks or investors, even though they are responsible for most public spending while receiving around half of the fiscal income. The funding shortfall has forced local authorities to take on debts to pay for public works
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The New Comer
With the go-ahead from the government, private banks can't wait to seize a place at the table
A Crisis That Brought Good
The economic woes from the global financial crisis may have been exactly what China needed
The Risks Are Looming
China's real estate market has polarized, and the government needs to take action
Protecting Small Investors
People are concerned whether the investor protection mechanism can be effectively implemented
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