Wednesday, December 27, 2017
Adjustment of government assessment mechanism can effectively support deleveraging
ANBOUND
Anbound points out that as China's total economy increases, pressures for development and transformation further increase as well, and debt, financial and environmental risks are also accumulating. Against the background of the Central Government's emphasis on high-quality development, the conditions for China to expand the cancellation of some of its local GDP assessments are further matured. In the major governments in China, only the adjustment of the government assessment mechanism can effectively support deleveraging operations.