A Study of China’s Government Debt

  • Xiaohuang Zhu
  • Song Lin
  • Lin Wang
  • Wenqi Wu
  • Quanli Qin


Globally, government debt is a factor intimately related to macroeconomic activities in the development of all economies. International experience over the past several decades has demonstrated that excessive expansion of government debt is detrimental to the macroeconomy. Hence, aside from recognizing the positive influences of government debt, it is important to identify the enormous risks of letting debt expansion go unchecked. There have been many studies regarding government debt around the world, but there have been relatively few that have targeted China – especially those related to quantitative metering and measurement of government debt. Given these restrictions, the studies of government debt and macroeconomy have not been theoretically solid – hence the significance of our study.


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Copyright information

© Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  • Xiaohuang Zhu
    • 1
  • Song Lin
    • 2
  • Lin Wang
    • 3
  • Wenqi Wu
    • 4
  • Quanli Qin
    • 5
  1. 1.CITIC GroupBeijingChina
  2. 2.Central University of Finance and EconomicsBeijingChina
  3. 3.Risk Management DivisionChina Construction BankBeijingChina
  4. 4.China Asset Management CompanyBeijingChina
  5. 5.RenMin University of ChinaBeijingChina

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