China’s local governments urgently need cash. Can the 5-year plan find it?

Source: China – South China Morning PostAs China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set the tone for the country’s development over more than seven decades – we examine how these documents inform and reflect high-level policy priorities, and what to expect in the coming iteration, such as how it could help alleviate local-level financial woes.
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In late March, an announcement by the central Hubei province sent a shiver down the…Read More

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