It takes the average reader and 30 minutes to read Fiscal Vulnerabilities and Risks from Local Government Finance in China by Ms.Yuanyan Sophia Zhang
Assuming a reading speed of 250 words per minute. Learn more
China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit and debt—augmented to include off-budget activity—that better illustrates the counter-cyclical role of fiscal policy. The results also show that the augmented fiscal deficit and debt are both considerably higher than the headline government data suggest. Nonetheless, at around 45 percent of GDP, the augmented debt is still at a manageable level.
Fiscal Vulnerabilities and Risks from Local Government Finance in China by Ms.Yuanyan Sophia Zhang is 29 pages long, and a total of 7,511 words.
This makes it 10% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 41 minutes to read Fiscal Vulnerabilities and Risks from Local Government Finance in China aloud.
Fiscal Vulnerabilities and Risks from Local Government Finance in China is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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