China Tells

Economist: China is among G20 to be the leading country in stimulating its domestic economy by borrowing big and spending big. Such a ballooning progress in government debt, however, along with the similar pace from other governments, will have to be curbed sometime somewhere. By the end of the spending spree, government need to tighten the belt to reduce the debt and improve the balance. Tax as an important revenue source, will have to be raised at a certain point. All these projection leads to a gloomy outlook for most governments for 2014 onwards.

经济学家撰文指出，G20每个国家都像中国那样大肆花钱，刺激经济。这样的方式总有一天会逼迫这些政府收紧裤带并且减少赤字。到那时候增加税收是不可避免的。目前的政府行为在历史上前所未有，因此也带来很多无法估计的不确定性。