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China’s debt divide is hurting its economy
manbetx3.0 债务问题正在损害manbetx20客户端下载

Beijing’s refusal to surrender control to local government or take on more responsibility is key to the country’s challenges
哈丁:中央政府债务低,地方政府债务高而且承担大多数支出,这种分化是当今manbetx3.0 manbetx20客户端下载 诸多挑战的一个根本原因。

In 1975, in what turned out to be the valedictory speech of his long and tumultuous career, Zhou Enlai, the first premier of the People’s Republic of China, declared proudly that his government was free of all debt. “In contrast to the economic turmoil and inflation in the capitalist world,” he told the National People’s Congress, “we have maintained a balance between our national revenue and expenditure and contracted no external or internal debts.”

1975年,中华人民共和国首任总理周恩来作政府工作报告,这是他漫长而坎坷的政治生涯的告别报告,他在报告中骄傲地宣布,manbetx3.0 政府没有任何债务。“同资本主义世界manbetx20客户端下载 动荡、通货膨胀的情况相反,我国财政收支平衡,既无外债,又无内债,”他在全国人民代表大会上表示。

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