财新传媒
财新英文 > 要闻 > 正文

In Depth: To Keep Stimulus Flowing, China’s Local Governments Need a Budget Fix

By Cheng Siwei, Yu Hairong and Zhang Yukun
2022年06月21日 21:12
Special treasury bonds have emerged as one possible solution to the fiscal gap that has widened as economy-boosting tax and fee cuts reduce localities’ revenues

For China, fixing a slowing economy may hinge on making sure local governments aren’t strapped for cash.

In the wake of the country’s worst Covid outbreak since 2020, central government policymakers have introduced a package of measures to stimulate growth, including tax and fee cuts, deferred social insurance payments for companies, more credit support for small businesses, and accelerated bond issuances to finance infrastructure construction.

  [财新双语通产品,是为有双语需求读者专门订制的优惠产品, 按此可享超值优惠订阅。]

版面编辑:喻竹杨洋
财新微信