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Friday, November 13, 2015
ANBOUND: The Spending of Central Government's Financial Fund, In Need of Reform
ANBOUND

The Central Government has enhanced the disbursement manner of the financial funding to support the major local development financially.

However, the usage rate of Central Government's financial fund is not high and many of the financial funds remain idle.

Anbound’s senior researcher, He Jun, is of the view that the problem in China’s economy is never one-sided.

The nonfeasance of local governments alone is not a sufficient explanation as to why the local governments who are in dire need of funding have unexpectedly let the financial funding of few billion languished.

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