“从长远的角度来考虑，中国经济现在主要的问题就是要在大转型过程中，去创造更多的“安全网”。我觉得这是非常重要的。”他总结。（罗宁）On December 3rd, the second season of the "Great Powers・Economy" series event, jointly created by orient and Sina Finance, took place at Fudan University's School of Economics, discussing the "Chinese economy from a global perspective." During the dialogue session on the "Chinese economy from a global perspective," hosted by Professor Lan Xiaohuan of Fudan University’s School of Economics, Zhang Jun, a first-level professor in the humanities, Dean of the School of Economics, and Director of the China Economic Research Center at Fudan University, shared his views on the pressures currently facing the Chinese economy.
Zhang Jun mentioned, "Currently, the debt resolution can still be limitless, adding another five trillion is probably also possible. From an economic perspective, debt resolution doesn't necessarily need to be viewed negatively. Many East Asian countries, including Singapore, have debt levels that are around 125%-130% of GDP, which is similar to the usa. Singapore has been carrying debt for many years and has faced no issues. As long as it can gradually roll forward."
He believes, "The current approach is also like this. It doesn’t mean to write off your debt; the debt is still yours, but it should allow for a delay on repayments to avoid squeezing other matters due to debt repayment. The aim is to lighten your debt burden a bit, reduce interest payments, and refinance some of the debt. Extend the time, repay in five years, and now the due date can be postponed to five years later. I think this approach is right."
"From a long-term perspective, the main issue with the Chinese economy now is to create more 'safety nets' amidst the significant transformation process. I believe this is very important," he concluded. (Luo Ning)
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