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Wednesday, July 24, 2013
Is Detroit Model Suitable for China?
ANBOUND

In the eyes of Anbound scholars, the debt management model after Detroit bankruptcy serves as a good lesson for China. If China's local governments that suffered from income deficit were allowed to apply for bankruptcy, it would benefit China to build a government decision-making differentiation model. Since "development is the absolute policy", shouldering the possible outcomes should also be “the absolute principle”.

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