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Financing Platforms of Local Governments and Their Role in Credit Boom in China in 2009-2010

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  • A. Gruzdev

Abstract

The implementation of the anti-crisis program by the PRC State Council led to a credit boom in 2009-2010. The local governments specially established companies (financing platforms) were among the most vigorous borrowers. The article analyzes the influence of these companies on the banking system stability. The author concludes that the rapid accumulation of the financing platforms debt is mainly due to the revival of political lending and may result in a substantial increase of bad debt.

Suggested Citation

  • A. Gruzdev, 2011. "Financing Platforms of Local Governments and Their Role in Credit Boom in China in 2009-2010," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 11.
    • Handle: RePEc:nos:voprec:y:2011:id:1132
    DOI: 10.32609/0042-8736-2011-11-122-132
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