深陷债务泥潭的中国地方政府为何仍大兴基建？
新闻原文链接 https://cn.nytimes.com/business/20230328/china-local-finances-debt/?utm_source=RSS
Chinese local governments have been investing heavily in infrastructure to boost economic growth, but the “zero debt” policy has depleted their financial resources, causing a sharp drop in land transfer revenues and leading many cities into financial turmoil. Some areas have even started cutting public services and welfare.
The local government in China has been actively investing in infrastructure to promote economic growth. However, the zero-tolerance policy has drained local funds and lowered revenue from land transfers, leading to many cities accumulating debt and entering into financial chaos. Some areas have even started cutting public services and welfare programs.
