Tsinghua economists emphasized central government responsibility, advocating for the issuance of long-term bonds with maturities of 20 to 30 years to bail out local government debts.
David Daokui Li's case for more government…
Tsinghua economists emphasized central government responsibility, advocating for the issuance of long-term bonds with maturities of 20 to 30 years to bail out local government debts.