Are Local Government Projects Going Under the Microscope?

Andrew Batson and Aaron back dive into the central government’s plan to do a bank-led deep dive into how local government-owned companies are spending their borrowings from the policy banks. On the surface, this is a good thing. But underneath, it is going to be extremely challenging to implement. The central government’s best bet is to make this as open and public a process as possible. Does this mean that we’re going to see the same thing with national government-owned companies?

Posted via web from Silicon Hutong on Posterous