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 the Chinese economy. Apart from current spending, LGs are also responsible for massive infrastructure investment in local…
Local Governments’ Activities Key To Chinese Growth: Goldman Sachs
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports