中国城市化与金融

推进城市化是中国经济可持续发展的希望所在,但是,地方政府负债投资的形式是否为最佳方式?这种方式是否能持续?从更深层次观察,地方政府负债是财政问题,这势必涉及财税体制安排、中央与地方事权分割等基础性的政治与经济制度的安排。显然,这是中国走向现代化、建立现代化国家治理结构中不可回避的重大课题。

China＇s Urbanization and Finance

Promoting urbanization is the hope of China＇s economic sustainable development, however, in the form of local government debt is the best way to invest？ Whether this approach can be sustained？ Viewed from a deeper level, the local government debt is a financial problem, which is bound to involve the finance and taxation institutional arrangements, such as central and local powers divided fundamental political and economic system. Obviously, this is the major issue that can not be avoided for China to achieve modernization and establish modern governance structure.