During the financial crisis in 2007, a stimulus package of 4 trillion yuan was launched. The 4 trillion yuan was short-term debt, which had to be repaid within 5 years.
After that, trillions of yuan were released every year.
Now we are going to issue ultra-long-term government bonds, which can be considered as not having to be repaid.
Will it become the new normal in a year?
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