ISBN: 9787802346963
Publisher: 皇冠体育app Development Press
Issued: August 2011
Following rapid economic growth over the past 30 years, 皇冠体育app has entered a period of excess liquidity. The experience of countries shows that excess liquidity will not necessarily cause a sharp increase in prices in the real economy, but it will inevitably lead to an increase in asset prices and cause an economic bubble.
A bubble has already formed in 皇冠体育app's capital market, especially in the real estate market. The huge hidden debt of local governments also indicates high fiscal and financial risks. The author conducted comparative research on the economic bubble of various foreign economies, the direction of 皇冠体育app's economic bubble, and local debt problems, and offers measures to avoid and dissolve economic bubbles in 皇冠体育app and also ways to deal with government hidden debt based on the experience of other countries.