China deploys one of its largest-ever fiscal initiatives to address hidden liabilities China has allocated a combined 10 trillion yuan($1.39 trillion)in new fiscal funding to replace hidden local government debt,or li...
Further regulation in the real estate market is a must,but tighter controls won’t be easy Several government departments released a joint circular to control borrowing by local governments, which is the first policy ...
The U.S. economy faces deeper problems, though immediate danger subsided As if watching a replay of the fight over the U.S. national debt ceiling in 2011, the crisis billed as the "fiscal cliff" ended up with a last-...
In the first half of 2012, China's GDP growth rate slumped to 7.8 percent. For the govern- ment, it also means a slowdown in the growth of fiscal and tax revenue. According to the National Bureau of Statistics, in t...
Guiye is a small,poor village in Jinping County,in southwest China’s Guizhou Province. It recently became famous across the country because of an unusual fiscal seal local villagers have ad- opted to help them share ...