The author is Standard & Poor’s Ratings Services We think the long-awaited audit report on government debt in China is a significant milestone for the country’s fiscal reform initiatives. China’s audit report helps to improve fiscal transparency. In turn, that should drive fiscal reform and economic efficiency. We believe that fiscal transparency is a pre-condition […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.