Research on the Impact on the Local Economy from the Perspective of Welfare Economics by the Collusion of Grassroots Governments, Interest Groups and Bank Branches

Abstract

China's economic development is disconnected, not only between local governments, but also the local and the central government. Because of the performance appraisal and the status quo of political power structure, grassroots governments and local interest groups must be closely connected, and at the same time, they also form an alliance with the local bank branches that did not belong to any of the above branches, forming a trilateral conspiratorial economic development model. This model has far-reaching and perilous impacts on local economic development.