This book proposes a method for calculating China's debt based on a
quantitative econometric analysis. This is conducted by measuring
the relationship between China's debt size and economic growth. The
conclusion that is reached is as follows: China's current debt has
already exceeded the inflection point, and that means that it is
now having an adverse effect on its economic performance. The book
also focuses on China's debt problems as a whole, highlighting debt
issues faced by different entities and industries, as well as the
ratio and structure of the virtual and real economies. The contents
are presented in three major principles: theory, oriented,data, and
oriented policy.
General
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