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Innovations In The Sustainable Management Of Local Government Liabilities In China

Author

Listed:
  • JINCHUAN SHI

    (Center for Research of Private Economy, Zhejiang University, 38 Zheda Road, Hangzhou 310027, China)

  • ZHIKAI WANG

    (#x2020;School of Economics, Zhejiang University, 38 Zheda Road, Hangzhou 310027, China)

  • XIAOJIANG WANG

    (#x2021;Timmy Community Service Centre, No. 460 Miyun Road, Yangpu District, Shanghai 200092, China)

Abstract

Through the first and second year of China’s 13th five-year plan coincided with local governments holding their own “Two Sessions” before attending the “Two Congresses” in Beijing in March. As one of the frequent results, the issue of local government debt naturally became a popular topic. The scale of local government debt in China was/is considerable, and the structure is complex, which poses a threat to sustained economic development. To address this situation, China must regulate local government debt, clean up urban financing vehicle debt, foster and manage the local bond market, and introduce innovation in the management of local government liability. Only through initiatives such as this will China gain control of local government debt and thus support and promote the long-term sustainable growth of the economy.

Suggested Citation

  • Jinchuan Shi & Zhikai Wang & Xiaojiang Wang, 2018. "Innovations In The Sustainable Management Of Local Government Liabilities In China," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(04), pages 819-837, September.
    • Handle: RePEc:wsi:serxxx:v:63:y:2018:i:04:n:s0217590817420115
    DOI: 10.1142/S0217590817420115
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    Cited by:

    1. Simona Andreea Apostu & Elena Mirela Nichita & Cristina Lidia Manea & Alina Mihaela Irimescu & Marcel Vulpoi, 2023. "Exploring the Influence of Innovation and Technology on Climate Change," Energies, MDPI, vol. 16(17), pages 1-13, September.
    2. Bingqiang Li & Jing Yu & Lei Huang & Jinzhi Li & Changhan Luo, 2021. "Coupling Development of Manufacturing Promotion and Innovation in China," SAGE Open, , vol. 11(4), pages 21582440211, October.
    3. Zahra Bel Hadj Salah & Saber Krim & Mohamed Ali Hajjaji & Badr M. Alshammari & Khalid Alqunun & Ahmed Alzamil & Tawfik Guesmi, 2023. "A New Efficient Cuckoo Search MPPT Algorithm Based on a Super-Twisting Sliding Mode Controller for Partially Shaded Standalone Photovoltaic System," Sustainability, MDPI, vol. 15(12), pages 1-38, June.
    4. Dechun Liu & Xinye Zheng & Yihua Yu, 2022. "Public Debt Competition in Local China: Evidence and Mechanism of Spatial Interactions," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(S2), pages 91-105, November.
    5. Qiong Zhou & Qian Tan & Huixiang Zeng & Yu-En Lin & Peng Zhu, 2023. "Does Soil Pollution Prevention and Control Promote Corporate Sustainable Development? A Quasi-Natural Experiment of “10-Point Soil Plan” in China," Sustainability, MDPI, vol. 15(5), pages 1-20, March.

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