Can China spend its way out of economic crisis?

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Can China spend its way out of economic crisis? - Financial Times

Quick Summary:

Under reforms in 1994, the central government controls tax revenue while local governments are responsible for more services.

Resolving local government debt problems has become one of the most urgent issues for Beijing.

He said Beijing had room to add more debt worth about 20-30 percentage points of GDP, which would go a long way to solving local government debt problems.

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Article Details

Author / Journalist: Joe Leahy

Category: MarketsFinanceInvesting



Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-11-20 @ 20:00:06 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL:

Language: English

Article Length: 1229 words

Reading Time: 7 minutes read

Sentences: 42 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 17914114

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About Financial Times

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Main Topics: MarketsFinanceInvesting

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Update Frequency: 6 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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