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For local government debts, transparency seen as a necessity

By Wu Yiyao in Shanghai | China Daily | Updated: 2013-04-09 05:48

Economists encourage greater openness and market liberalization

Economists in China have called for a more liberalized market and greater transparency in soaring local government debts.

The latter must be achieved before decision makers can have a clear idea of what to do with the debts, said economists at a conference on China's financial policies in Shanghai on Monday.

For local government debts, transparency seen as a necessity

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