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Wednesday, June 26, 2013
Many Local Governments will Face Funds Shortage This Year
ANBOUND

With China's economic growth slowing down, the revenues of many governments are also deteriorating. This is not to mention those countries that are in the midst of prolonged negative economic growth. For the local governments, there is indeed a reason to worry about. Since the local governments' scale of investments in the infrastructure sector is too large, these governments will probably face funds shortage this year.

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