Commentary on Chapters 12 and 13 the Latest Overall Debts in China and International Comparisons
摘要
Chapter 12 and 13 presents one of the substantial and significant research projects in land and property sector conducted by the leading author in 2014–2015 and subsequently published in 2017 by Land Use Policy (Zhao et al., 2017). Chapter 13 focuses on debt-driven China’s rapid expansion in the land, real estate, and infrastructure sectors, wherein we anticipated and cautioned, with serious warnings against three potential scenarios regarding the escalation of national debt.