China's Macroeconomic Outlook [electronic resource] : Quarterly Forecast and Analysis Report, February 2014.

• ISBN-13: 978-3662458655
• Ký hiệu phân loại: 339 Macroeconomics and related topics
• Thông tin xuất bản: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2015.
• Mô tả vật lý: XI, 66 p. 37 illus. , online resource.
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 302187
• Chủ đề: 1. Economic development; 2. Economic policy; 3. Macroeconomics; 4. Macroeconomics and Monetary Economics; 5. Economic Growth

Tóm tắt

 This book  provides key insights into how to control local government debts and optimize the makeup of debts in China. The rapid growth of investment in infrastructure on the part of local governments has offset the slowdown of investment growth in manufacturing and real estate and maintained the growth rate of 7.7% in 2013. However, local governments' debts have accumulated, which increases the risk of debt default and threatens the stability of China's financial system. The research suggests that increasing the proportion of issuing bonds in total debts would be the first step toward eliminating the debt risk. Second, the Chinese government should play its part
  and lastly, the government should relinquish its administrative control and monopoly in order to allow the service industry to further develop.