China’s Debt Swap Solution: A Fiscal Program to Fast-Track Economic Growth

In this video, Professor David Daokui Li outlines the recent push by #China’s central government to swap out local government #debt through the issuance of long-term bonds and the acquisition of assets, such as #infrastructure projects like highways, city parks, railroads, airports, etc., swapping out short-term liabilities in exchange for an immediate injection of cash.

Whether you're a student, an enthusiast of global affairs, or a curious mind seeking new perspectives, this engaging discussion series is sure to broaden your outlook and stimulate meaningful conversations. Tune in and expand your horizons with Professor Li as we embark on an enlightening exploration of economics, social affairs, and current events through the prism of China and its world view.

To all our viewers out there and around the world, your comments and questions are very much welcomed and highly encouraged! 💬💬💬

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In 𝘾𝙝𝙞𝙣𝙖'𝙨 𝙒𝙤𝙧𝙡𝙙 𝙑𝙞𝙚𝙬: 𝘿𝙚𝙢𝙮𝙨𝙩𝙞𝙛𝙮𝙞𝙣𝙜 𝘾𝙝𝙞𝙣𝙖 𝙩𝙤 𝙋𝙧𝙚𝙫𝙚𝙣𝙩 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙤𝙣𝙛𝙡𝙞𝙘𝙩, David Daokui Li, professor of economics, director of the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) and founding dean of Schwarzman College at Tsinghua University, offers a timely, essential exploration of China's position in the world and perspectives on a host of topics. Professor Li pulls from his wealth of firsthand experience to demystify contemporary Chinese society and advocate for understanding between China and the West. In this urgently needed and fascinating book, he explains the inner workings of a rising superpower to help the world understand how it works—and how to work with it.

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Please feel free to share any comments or questions you might have! 💬
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[roshanpoudel]

Thank you for explaining it in simple terms.

[shiva.shiver]

Really appreciate and learn from your information and insigh into the chinese government measures and chinese financial markets.

[lvxsupclub]

Thank you. This is very insightful. Can you help me understand if local gov owes 100% of GDP come due within 6 years how is Central gov raising 20% to 50% enough to solve this problem once and for all?

[dthomas]

Why local govt spending is not controlled and monitored, and allowed to go to 100% GDP? This need to be fixed.

[greggpon]

Does the Chinese central government have control of the huge trading surplus that China has?

[orangeblue]

Why did you guys spend so much on all these projects anyway? I've been to China and it's not like all this infrastructure gets used much.