Thursday, December 25, 2014
ANBOUND: Contracting or Expanding under the "New Normal"?
ANBOUND
Now, there are still many local governments expect the leapfrog development during the economic transition era due to lack of comprehensive knowledge on the "New Normal" and the changes of macro control. In this case, ANBOUND think tank scholars explain that the local development of “New Normal” means moderate growth based on contraction, the debt-expansion style is out of date. The local governments that bear heavy debts should strictly limit the new debt scale, and contribute the economy with assets reconstruction; while the governments that bear few debts should be caution on the trap of debt burden.