Borrowing without Commitments? Consequences of Increasing and Less Constrained Government Debts in China

This new book project will try to answer the following question: when the government can borrow with fewer restrictions and constraints from the private sector and on the capital market, and government debts (rather than taxation) become the main source of government finance, what are the main consequences over the government’s behavior and policies? To build my argument and collect evidence, I plan to conduct a round of two-week fieldwork by interviewing government officials in China around early-2022 (and before traveling to Australia from China). Please find the justifications and details about the fieldwork in the attached document.

Grant round: 2021-01-01 00:00:00

Investigators:

Fengming Lu

Coral Bell School of Asia Pacific Affairs

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