Amit Kumar quoted in StratNews Global

Amit Kumar, a Staff Research Analyst at the China desk of the Indo-Pacific Studies Programme, was quoted in StratNews Global on How China’s Local Govt Financing Vehicles Lost Way.

He was quoted as saying: “LGFVs were created because local governments had very few tools at their disposal to meet their expansive spending responsibilities. Even today, local authorities are responsible for close to 90% of all public expenditure in China, yet their ability to raise revenue remains severely constrained.”

Read the article here.