issued without limits and cannot

issued without limits and cannot

Blog Article

In practice, as a matter of common sense, debt cannot be issued without limits and cannot grow incessantly, which has already become a consensus of almost all countries worldwide. In reality, not only does the US government have a strict debt ceiling, but the Chinese central government also has a clear red line for local governments, requiring that most of the debt issued by local governments must have a specific purpose. Yet, in 2008, a sudden global financial crisis broke the original calm and disrupted China’s macroeconomic control plan, forcing China to rely on large-scale investment to stimulate the economic recovery. However, investment requires money. Therefore สล็อตเว็บตรง