mancodebook.com has been clear about the responsibility of local government debt. Opinions make clear a regulation, the local government debt repayment responsibility to its, the central government to rescue principle. At the same time, also need to draw the border of government debt and corporate debt, cogent accomplish who borrowed also, own risk. And explicitly pointed out that to establish assessment of accountability. The government debt as a tough one included in the examinational. The author thinks that, this is the biggest bright spot. In fact, before that, the local governments at all levels of all dare to unscrupulous on debt, never think how to repay, root in two points: one is the official borrow much money without inspection and constraints, the second is how local governments believe that if you don't, the central government will also, apparently, this is a common game under the coerce mentality. If the central government to the local government debt after really can do to help, whose child who is responsible, to regulate the behavior of local debt, will undoubtedly have great restraint effect. this system is to really implement, still need to set up the bankruptcy system of local government. At the same time, while strictly observe the rules of the three, the author suggest.
this system is http://mancodebook.com/