Li Daokui: It is proposed to issue national bonds equivalent to 40%-50% of GDP.

Li Daokui, Dean of the Institute of China Economic Thinking and Practice at Tsinghua University, stated at the 2025 Global Finance Forum that China's issuance of national debt is not sufficient and recommended issuing national debt equivalent to 40%-50% of GDP, replacing local debt and allowing the government to focus on providing public services. In addition, he pointed out that through significant issuance of national debt, local governments can carry out deep urbanization, turning migrant workers into local residents. At the same time, short-term loans can be given to local governments to allow them to convert half of unsold housing into affordable housing, revitalizing the real estate market.