Caixin OnlineFinance & EconomicsTop Stories Finance Key to Debt Problem 'Is Giving Local Gov'ts More Autonomy'
12.23.2013 17:01

Key to Debt Problem 'Is Giving Local Gov'ts More Autonomy'

Lower-level officials should be responsible for their own income and spending, says researcher at cabinet think tank
By staff reporter Zhou Tian

(Beijing) – The solution to addressing soaring local government debt is giving lower-level officials more autonomy, a researcher at a central government think tank says.

The key to the solution is matching local governments' rights to their obligations and establishing a self-restraint mechanism through which local officials are responsible for their own income and spending, Wei Jianing, a research fellow at the State Council's Development Research Center, said at an academic forum on local government debt last week.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

View From The Top

Here's What Billionaire Li Ka-Shing Sees That We Don't About Hong Kong And The World


Issue 76
April, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
View From The Top
Here's What Billionaire Li Ka-Shing Sees That We Don't About Hong Kong And The World
Issue 76
04.01.2014

Subscribe       |       Newsletter        |        FAQ