Local Governments’ Activities Key To Chinese Growth: Goldman SachsMani
As local governments’ activities are facing multiple headwinds in China, Chinese growth hinges on the will and means of local governments, notes Goldman Sachs.
Andrew Tilton and team at Goldman Sachs in their May 18, 2015 research report titled: “Chinese growth hinges on the will and means of local governments” note that local governments (LGs) have aggressively lowered their growth targets in recent years.
Local governments’ key role in Chinese growth
According to the Goldman Sachs analysts, LGs constitute a large share of . . .
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