Thinking About China
Opinion

Financial Trouble Throughout China’s Provincial Governments

Local governments in China report financial problems that render them unable to meet their obligations to either their citizens or their residents.
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Financial Trouble Throughout China’s Provincial Governments
A construction worker pushes a wheelbarrow with materials across the road in the Central Business District in Beijing on Nov. 29, 2024. Kevin Frayer/Getty Images
Milton Ezrati
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Commentary

Of late, China has enjoyed some upbeat economic news. Several regions of the country have reported substantial declines in the inventory of unoccupied apartments, an important first step toward alleviating the effects of the property crisis that has weighed on China’s economic prospects for more than five years.

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Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”