Policy Glossary.

Translating CCP terminology into macroeconomic reality. A reference guide for allocators and analysts.

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Local Government Financing Vehicle

地方融资平台 (LGFV)

State-owned investment companies used by local governments to borrow off-balance sheet for infrastructure projects.

新三样

Electric vehicles, lithium-ion batteries, and solar photovoltaics. The new pillars of industrial export growth meant to replace real estate.