China’s cabinet unveils guidelines to strengthen local governments’ debt management, improve their allocation of resources
FEATURES POLICY & REGULATION
China’s cabinet unveils guidelines to strengthen local governments’ debt management, improve their allocation of resources
FEATURES POLICY & REGULATION

China’s cabinet unveils guidelines to strengthen local governments’ debt management, improve their allocation of resources

 

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The State Council, China's cabinet, laid out some steps to divide fiscal revenues and spending obligations among local governments, and transfer payments allocations, in an effort to improve the allocation of resources to ease their fiscal strains after the Covid-19 outbreaks . . .

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