Debt Burden Will Restrict China's Macro Policy
ANBOUND
In light of the realistic need for steady economic growth and the funds required to implement One Belt One Road, Anbound's scholar is of the view that China should maintain its loose macro-economic policy. However, in the event that there is no significant improvement over the Chinese economic growth, the credit expansion brought by the loose policy will turn into a more severe debt burden. The level of China’s development is still of a developing country, however, its debt level has already reached the developed countries. This could mean a potential crisis for China in the long run. There will also be a long term restriction on China’s economic polic