Ong, Lynette2015-12-080305-7410http://hdl.handle.net/1885/29018This article sheds light on the ways in which township governments mobilized resources from local financial institutions, and how failure to repay many of these loans gave rise to sizeable local government debt. Mobilization of resources was done throughKeywords: debt; financial services; fiscal policy; political economy; state role; Asia; China; Eurasia; Far East200610.1017/S03057410060002082015-12-08