In 2014, China's growth continued to slow which reflected policy to put their economic growth on a more sustainable footing. While policy efforts to tighten credit growth reduce excess capacity, internalize the cost of industrial pollution, and harden local governments budget constraints accelerated. These measures will produce a much needed realignment of growth in the medium term. A week housing market continues to be a significant drag on domestic...
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DETAILS
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2014/10/01
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Working Paper
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91898
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1
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1
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2014/10/29
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Disclosed
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China economic update
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local government debt
Citation
Smits,Karlis; Goh,Chorching; Hu,Bingjie; Vashakmadze, Ikaterine; Zhao,Luan; Bahl,Roy W.; Qiao,Baoyun.
China economic update (English). China economic update Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/455931468028861966