It is well known that many Chinese local governments are cash-strapped, burdened by excessive debt, and searching for ways to replenish their depleted coffers. Reports abound of local governments, utilities, and even police...
As Chinese local governments struggle with high levels of debt, moribund infrastructure projects, falling tax revenues, shrinking land-use fees, and increased demands for local welfare spending, some local government departments...
In recent weeks, residents of the cities of Chongqing and Chengdu have been posting screenshots of their natural gas bills online and complaining of mysterious gas consumption spikes since the installation of new “smart” gas...
After a decades-long infrastructure spending spree, many of China’s local governments now find themselves saddled with unsustainable levels of debt and a surplus of vastly ambitious but often underutilized infrastructure...
Provincial prosecutors in Guizhou have set up a special investigative team to look into the case of a female entrepreneur who, along with members of her legal team, was detained and accused of “picking quarrels and provoking...
The Ministry of Finance has announced that 88 of 98 central government departments have published their budgets. Though selective with the level of detail published, the Ministry has culled data on money spent on overseas...
Xinhua reports on the State Council’s on-going efforts to implement public fiscal reform: China started asking government departments at the central level to publicize their budgets beginning in 2009. Last year, 75 out of...
From The Wall Street Journal: China recorded a fiscal deficit of 111.01 billion yuan ($16.23 billion) for 2008, as government spending surged in the final month of last year when Beijing ramped up its stimulus measures to boost...
From China Youth Daily via Yulun Jiandu, translated by CDT: Finance Minister Jin Renqing said in a national finance system construction conference that China plans to set up a modern government finances management system in...
From Bloomberg: China plans to spend more than 500 billion yuan ($63 billion) on subways and light railway networks between 2010 and 2015 to ease pollution and traffic jams in its major cities. The government wants to build 1,321 kilometers of rail lines during the period in 15 cities, Li Fengjun, deputy head of the […]
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