Details

Autor(en) / Beteiligte

• ANG, YUEN YUEN

Titel

China's Local Public Finance in Transition

Ist Teil von

• The China Quarterly, 2011, Vol.208 (208), p.1028-1030

Ort / Verlag

Cambridge: Cambridge University Press

Erscheinungsjahr

2011

Quelle

Worldwide Political Science Abstracts

Beschreibungen/Notizen

• While public infrastructure is normally funded in other countries by issuing bonds, Chinese local governments cannot borrow. [...]besides budget allocation from the central and local governments, infrastructure has been funded by land leasing, indirect borrowing, user charges, and self-raised funds. According to them, self-raising can take place through government and propriety funds, private bank loans obtained by state-owned enterprises and public institutions (shiye danwei), and foreign direct investment. [...]despite the association of land financing with corruption, land transfer fees have indeed spun infrastructural development.