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Recent Economic Developments
Decentralization and the Government Deficit
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administrative allocation Annex annual assets authorities Bank of China billion bonds borrowing budget deficit capital central bank central government Chinese CM CM commercial consolidated government deficit credit plan debt decentralization decline deposits disintermediation domestic earmarked grants Economic estimated FILP financial institutions financial system fiscal fixed investment foreign exchange Fujian GNFS government expenditures government securities growth rate Guangdong income tax industrial inflation interbank market interest rates investment plan Kl CM Kl Kl levels of government macroeconomic monetary policy national tax service NBFIs nonbank operations P.O. Box PBC financing PBC lending PBC policy PBC's percent of GDP policy banks policy lending policy loans primary dealers priority projects provinces ratio reserve money retail price index ro ro SDBC SDBC's seignorage Shanghai share SOE fixed investment structure subsidies supervision Total UCCs World Bank