local-government

Local governments can't borrow from banks or issue bonds directly, so much of their debt has been accumulated through off-balance-sheet vehicles called local-government financing platforms, which has made tallying the debt difficult.‬

Moody's Warns on China Debt Martin Vaughan 2011

The move to allow local authorities to sell bonds directly marks a potential first step toward bringing China's local-government finances in order and comes amid concerns about the latent risks associated with local governments' hefty debt.

Shanghai Completes Bond Sale in New Local Debt Plan 2011

Property taxes bring in more than a quarter of local-government revenue, according to Moody's Investors Service.

Fall in Property-Tax Revenue Squeezes Cities Kelly Nolan 2011

At the end of the first quarter, just 7% of ICBC's total loans were to local-government financing vehicles.

Big Trouble at Little China Banks Tom Orlik 2011

But with the local-government debt drama still in its first act, and more tightening policy on the way, it is the little banks that will be in the biggest trouble.

Big Trouble at Little China Banks Tom Orlik 2011

Nebraska's Legislature is considering a bill that would end collective bargaining for all state- and local-government workers.

Unions Contend With Inhospitable States Mark A. Stein 2011

Leading environmental groups and local-government officials also called for caution on fracking, which has been a key component in the rise of shale gas in the U.S. and other areas.

Study Ties Fracking to Quakes in England Alexis Flynn 2011

"The uncovered local-government bond offering is likely to be an exceptional case, as the bonds are actually backed by the central government, and concerns over possible default are a bit unnecessary," he said.

China Local-Bond Sale Falls Short 2011

WSJ: Analysts at foreign banks tend to be bearish on China's banks, citing exposure to local-government financing vehicles.

Foreign Head of Chinese Bank Sees Need for Efficiency 2011

Ratings firm Moody's Investors Service warned last week that local-government debt posed an increased risk to the central government and the banking system, and said a National Audit Office estimate putting the debt at 10.7 trillion yuan understated the actual amount by some 3.5 trillion yuan.

China Local-Bond Sale Falls Short 2011