Is Chongqing the blueprint for fiscal discipline?
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Chongqing has rolled out a document that is meant to cut ties with local government financing vehicles (LGFVs). The idea is to cut all ties in one go.
The method: Chongqing will create a shortlist of SOEs whose sole mission is to undertake public interest projects such as infrastructure and pub...