local public goods meaning in Chinese

地方公共产品

Along with the reform deepening , the local governments need provide more local public goods . our country has the essential to issue local government bond , at the same time , the conditions of local government bond issuance have been provided with in china . endowing with the bond issuance right to local governments will availably foster local economic development
地方公债是地方政府为了满足地方经济与社会发展的需要,按照法律的规定向社会发行的债券,它是地方政府财政收入的一种形式,其收入列入地方政府预算,由地方政府安排使用。与国债相比,地方公债的发行目的是满足地方社会经济发展的需要,发行规模相对较小,经济影响范围相对较窄,信誉度不及国债。