For China, the lesson of European countries is an important warning for China's national debt management. High levels of economic growth and fiscal revenue of cannot continue for a long time, while there is a pressure to the growth of financial expenditure, and the increase of budget deficit and national debt from the national public economic management system, the urgent demand of social transformation and supply responsibilities of public goods are not clearly defined. To understand the potential risks of the debt crisis and adopt a rational response strategy has been a practical requirement.
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