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In Depth: Cash-Strapped Local Governments Turn to Financing Vehicles to Plug Fiscal Shortfalls

By Guo Yingzhe, Wang Jing and Chen Bo
2022年09月27日 20:09
As debt-laden property developers retreat from the land market, local governments are looking for solutions to reverse a revenue slump

Local government financing vehicles (LGFVs) have played a key role in China’s economic and social development over the past two decades, especially in funding and building infrastructure investment on behalf of local authorities across the country.

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