For starters, they are responsible for public capital expenditure, driving the improvement in China’s physical infrastructure and yielding reasonable returns for private investors. This advances the objective of helping local businesses, particularly innovative small and medium-size firms, to grow and thrive.
东亚的另一个恢复力来源是地方政府。首先，它们负责公共资本支出，推动了中国实体基础设施的改善，并给私人投资者带来合理回报。这推进了帮助地方企业特别是创新型中小企业成长和繁荣的目标。在这方面，地方政府还帮助企业得以进入全球供给链。浙江省和广东省做得尤其成功——毫不奇怪，这两个省也拥有中国最强健的地区经济。