The Business Times

Wang Dehua

WANG DEHUA IS A RESEARCHER WITH THE NATIONAL ACADEMY OF ECONOMIC STRATEGY AT THE CHINESE ACADEMY OF SOCIAL SCIENCES.

The central government rolled out a “three guarantees” policy in 2020, which requires local governments to guarantee people’s basic livelihood, the payment of wages, and the functioning of the local government.
THE BOTTOM LINE

China needs to tackle financial instability at local government level

PUBLIC finance is an important pillar of a country’s governance and plays a fundamental role in its modernisation. As China’s modernisation progresses,...

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