Bloomberg News

China to Provide Local Governments ‘Institutionalized’ Financing

October 28, 2011

Oct. 28 (Bloomberg) -- China will reform fiscal policies so that local governments have a more “institutionalized way” of obtaining funds and of borrowing, Vice Finance Minister Zhu Guangyao said at a conference in Beijing today.

The nation will also push more tax policies that promote domestic consumption, he said.

To contact the editor responsible for this story: Bloomberg News at

The Good Business Issue
blog comments powered by Disqus