Abstract
The implementation of the anti-crisis program by the PRC State Council led to a credit boom in 2009-2010. The local governments specially established companies (financing platforms) were among the most vigorous borrowers. The article analyzes the influence of these companies on the banking system stability. The author concludes that the rapid accumulation of the financing platforms debt is mainly due to the revival of political lending and may result in a substantial increase of bad debt.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
