Bank of Finland highlights ‘astonishing’ lack of information on Chinese government debt
China's lack of transparent government debt statistics, while politically useful for the country's ruling party, is damaging to the economy, a research paper published by the Bank of Finland warns.
Hubert Fromlet, the author of The Chinese Government Debt - What Do We Know and What Should Be Done?, says greater transparency would contribute to confidence in the Chinese economic model, encourage reforms and promote GDP growth.
It would give benefits to the rest of the world by encouraging trade
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