On September 30, the IMF released a new book, Toward a New Growth Model for the Chinese Economy, which points out that tying the evaluation of local officials to GDP has spurred infrastructure expansion and debt accumulation, that the cash flow of local government financing vehicles can cover only about a quarter to a third of interest payments, and which recommends that China shift to consumption, services and productivity-driven growth and improve social security.[Chinese economy][Land Finance][Local Government Debt Bonds][International Monetary Fund (IMF)]