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Sustainable infrastructure financing for small towns in China : approaches to attract long-term capital for small-scale infrastructure projects (Английский)

China has experienced rapid urbanization in the past three decades, which has successfully brought unparalleled economic growth, employment creation and improvement in living standards. This paper is focused on exploring the feasibility of establishing a pooled Infrastructure Financing Facility (IFF) at the sub-national level to provide sustainable long-term finance to infrastructure projects in small towns. The paper reviews China’s fiscal and infrastructure...
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