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...“In the past decade alone, we’ve served over 20 different central, provincial and municipal government agencies on a wide range of economic planning, urban redevelopment and social sector issues.”...
...The Beijing Municipal Bureau of Statistics did not respond to a request for comment. Mintz declined to comment....
...Citigroup has decided to wind down its operations in US municipal bonds, a $4tn market used by state and local governments to raise money for public works and finance their debts....
...Since 2010, council assets have been sold off in attempt to fill a £15bn hole in central government funding....
...But municipal governments built up massive “Rainy Day” funds after Covid-19 hit, and still have a “very substantial fiscal cushion,” says GS....
...“But that doesn’t mean the local governments will no longer be issuing debt....
...The squeeze on municipal budgets is a political problem for the government, with cuts to local services expected to loom large ahead of a general election....
...He lost his first-ever election, a municipal contest, two years ago in his hometown....
...The municipal government of Shenzhen, where the world’s largest electric vehicle maker BYD has its headquarters, unveiled 24 measures including support for factory construction, opening new sea routes and...
...The Special Interest Group of Municipal Authorities (Sigoma), which represents 48 urban councils across the North and Midlands and along the south coast, told the Financial Times that five of its members...
...Local government financing vehicles (LGFVs) — investment companies that raise debt on behalf of local governments and build infrastructure projects for them — have been rushing to meet the renewed demand...
...municipal elections next year....
...Federal and state governments were less likely to sell assets, fearing a political backlash....
...Shanghai Municipal Investment Group, a local government investment group, also established a PAFD in September, while Mengniu, Yili’s main state-backed dairy rival in Inner Mongolia, set up a department...
...One of the FT’s academic award winners was Gas, Guns, and Governments: Financial Costs of Anti-ESG Policies, written by Daniel Garrett from the Wharton Business School at the University of Pennsylvania and...
...Many sold their EVs to oversized municipal bus and taxi fleets, which often sat idle. A bloated industry was the result....
...Chinese officials were dispatched last year to prod local governments to delever....
...to be played out in municipal elections later this year....
...This would support a skilled network of municipal trainers who can “upskill” local officials to deliver infrastructure projects....
...Revivi lost his re-election race in municipal elections held in March....
...After all, debts from state governments leveraging-up on the back of potential future land taxes are not ‘safe assets’ if the central government is not willing to stand behind them....
...Following widespread backlash, the city of Modena last month revoked permission to use a municipal building for a seminar called “Mariupol: Rebirth after the war”, celebrating the Russian occupation of the...
...Tensions between the central government and municipal authorities have snarled progress, according to officials....
...The wide improvement in municipal governments’ finances has been a under-covered story during the US’s Big Fiscal era....
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