2min chapter

Bloomberg Daybreak: Asia Edition cover image

Markets Gear Up For Next Week's Central Bank Frenzy

Bloomberg Daybreak: Asia Edition

CHAPTER

Local Governments in China: The Austerity Dilemma

This chapter explores the challenges faced by local governments in China as they adopt austerity measures amidst economic downturns. It examines the contradictions of reducing spending during low demand and discusses the broader implications for macroeconomic stability.

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