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Home World Asia Pacific

China’s Third Plenum Shines Light on Center-Local Fiscal Challenges – The Diplomat

11 July 2024
in Asia Pacific
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China’s Third Plenum Shines Light on Center-Local Fiscal Challenges – The Diplomat
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The Third Plenum of China’s Communist Party highlighted the ongoing challenges faced by the central government in balancing fiscal responsibilities with local governments. The meeting focused on the need for financial reforms to ensure sustainable economic growth and prevent local authorities from accumulating excessive debt. The discussions shed light on the complex dynamics between central and local governments in China’s political and economic landscape.

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Tags: CenterLocalChallengesChinasDiplomatFiscallightPlenumShines
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