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China - Strengthening subnational debt financing and managing risks : policy note (English)

Abstract

The Chinese budget law prevents subnational governments from borrowing. However, Subnational Governments (SNG) borrows indirectly off-budget, through Urban Development and Investment Corporations (UDIC). There are various estimates on the off-budget liabilities...  See More +

Document also available in : Chinese

Details

  • 2010/08/16
  • Policy Note;
  • 57821
  • 1
  • 1
  • ChinaWorld
  • East Asia and PacificThe World Region
  • 2010/11/24
  • Disclosed
  • China - Strengthening subnational debt financing and managing risks : policy note
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