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| Author: | Yuan, Xinghou |
| Title: | Several thoughts on China's bonds financing (original in Chinese) |
| Journal: | China's Economic Problems (c)
1999 : 2, p.17-23 |
| Index terms: | NATIONAL DEBT FINANCING CHINA |
| Language: | chn |
| Abstract: | From the practice of the issue of China's bonds, e can see that it stimulates the growth of total demand to some degree. We should properly increase the issue of long-term and short-term bonds under the current economic situation. Increasing long-term bonds for the national important construction is beneficial for decreasing the cost of government bonds. Increasing shout-term bonds is beneficial for the recovery of the depressed economy and enlarging domestic demand. Of course, this is just an initial conclusion drawn from a macro angle. This doesn't mean that the bigger the scale of bonds the better. |
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