'Dormant savings' a remnant of inefficient budgeting
By Zheng Yangpeng | China Daily | Updated: 2014-12-30 07:12
Finance | Zheng Yangpeng
The State Council last week vowed to awaken "dormant" government savings, a longstanding problem that has been characterized by one renowned economist as "an abnormality" in the national balance sheet.
Experts said that the budgeting process must be changed to resolve the problem.
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