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地方融资平台对于中国整体政府债务的影响,正是投资者和分析界所高度关注的风险。如果全面衡量,中国政府真实的总债务规模要比公布高出许多。但中国不太可能发生整体债务危机。
The impact of local financing platforms on China’s overall government debt is precisely the risk that investors and analysts place on high interest. If it is fully measured, the real total debt of the Chinese government will be much higher than announced. However, China is unlikely to experience an overall debt crisis.