{"id":10128,"date":"2026-05-14T12:05:38","date_gmt":"2026-05-14T16:05:38","guid":{"rendered":"https:\/\/www.bu.edu\/gdp-cn\/?p=10128"},"modified":"2026-05-14T12:08:19","modified_gmt":"2026-05-14T16:08:19","slug":"debt-sustainability-with-chinese-characteristics-norm-convergence-and-its-limits-in-sovereign-lending","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/gdp-cn\/2026\/05\/14\/debt-sustainability-with-chinese-characteristics-norm-convergence-and-its-limits-in-sovereign-lending\/","title":{"rendered":"\u7814\u7a76\u901f\u9012\uff5c\u4e2d\u56fd\u7279\u8272\u7684\u503a\u52a1\u53ef\u6301\u7eed\u6027\uff1a\u4e3b\u6743\u503a\u52a1\u98ce\u9669\u5206\u6790\u7684\u56fd\u9645\u884c\u4e3a\u89c4\u8303\u8d8b\u540c\u53ca\u5176\u6709\u9650\u6027"},"content":{"rendered":"<figure id=\"attachment10129\" aria-describedby=\"caption-attachment10129\" style=\"width: 675px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" src=\"\/gdp-cn\/files\/2026\/05\/li-yang-oS2MSW5ipH0-unsplash-636x357.jpg\" alt=\"\" width=\"665\" height=\"373\" class=\" wp-image-10129\" srcset=\"https:\/\/www.bu.edu\/gdp-cn\/files\/2026\/05\/li-yang-oS2MSW5ipH0-unsplash-636x357.jpg 636w, https:\/\/www.bu.edu\/gdp-cn\/files\/2026\/05\/li-yang-oS2MSW5ipH0-unsplash-1024x575.jpg 1024w, https:\/\/www.bu.edu\/gdp-cn\/files\/2026\/05\/li-yang-oS2MSW5ipH0-unsplash-768x431.jpg 768w, https:\/\/www.bu.edu\/gdp-cn\/files\/2026\/05\/li-yang-oS2MSW5ipH0-unsplash-1536x863.jpg 1536w, https:\/\/www.bu.edu\/gdp-cn\/files\/2026\/05\/li-yang-oS2MSW5ipH0-unsplash-2048x1150.jpg 2048w\" sizes=\"(max-width: 665px) 100vw, 665px\" \/><figcaption id=\"caption-attachment10129\" class=\"wp-caption-text\">\u5317\u4eac\uff0c\u4e2d\u56fd\uff5c\u56fe\u6e90\uff1aLi Yang via Unsplash<\/figcaption><\/figure>\n<p>\u4e2d\u56fd\u4e8e2019\u5e74\u63a8\u51fa\u7684\u201c\u4e00\u5e26\u4e00\u8def\u201d\u4f4e\u6536\u5165\u56fd\u5bb6\u503a\u52a1\u53ef\u6301\u7eed\u6027\u6846\u67b6\uff08BRI-DSF\uff09\uff0c\u62d3\u5c55\u4e86\u4e2d\u56fd\u878d\u8d44\u673a\u6784\u5185\u90e8\u8bc4\u4f30\u548c\u76d1\u7ba1\u8981\u6c42\u4e4b\u5916\u5df2\u6709\u7684\u8bc4\u4f30\u5de5\u5177\u3002<\/p>\n<p>\u4f5c\u4e3a\u65b0\u578b\u53cc\u8fb9\u8d37\u6b3e\u5927\u56fd\uff0c\u4e2d\u56fd\u662f\u5982\u4f55\u4e0e\u65e2\u6709\u56fd\u9645\u89c4\u8303\u4e92\u52a8\u7684\uff1f\u4e2d\u56fd\u7684\u5f00\u53d1\u6027\u91d1\u878d\u673a\u6784\u5728\u5411\u4f4e\u6536\u5165\u56fd\u5bb6\u63d0\u4f9b\u4e3b\u6743\u8d37\u6b3e\u65f6\u5982\u4f55\u8bc4\u4f30\u98ce\u9669\uff0c\u751f\u6210\u98ce\u9669\u6307\u6807\u5e76\u5229\u7528\u8fd9\u4e9b\u6307\u6807\u505a\u51fa\u8d37\u6b3e\u51b3\u7b56\uff1f\u4e2d\u56fd\u7684\u5b9e\u8df5\u4e0e\u4f20\u7edf\u548c\u65b0\u5174\u63f4\u52a9\u65b9\u7684\u505a\u6cd5\u76f8\u6bd4\u53c8\u6709\u4f55\u5f02\u540c\uff1f<\/p>\n<p>\u7531 <a href=\"https:\/\/www.bu.edu\/gdp-cn\/profile\/tianyi-wu\/\" target=\"_blank\" rel=\"noopener\">Tianyi Wu<\/a> \u548c <a href=\"https:\/\/www.bu.edu\/gdp\/profile\/marina-zucker-marques\/\" target=\"_blank\" rel=\"noopener\">Marina Zucker-Marques<\/a> \u5171\u540c\u64b0\u5199\u7684<strong><a href=\"https:\/\/www.bu.edu\/gdp-cn\/files\/2026\/05\/GCI-WP-050-TWMZM-DSA-2026-CH.pdf\" target=\"_blank\" rel=\"noopener\">\u6700\u65b0\u5de5\u4f5c\u8bba\u6587<\/a><\/strong>\u805a\u7126\u4f4e\u6536\u5165\u56fd\u5bb6\uff0c\u5206\u6790\u4e86 BRI-DSF \u7684\u8bbe\u8ba1\u53ca\u5176\u8fd0\u7528\uff0c\u5e76\u5c06\u5176\u7f6e\u4e8e\u4e2d\u56fd\u66f4\u5e7f\u6cdb\u7684\u4e3b\u6743\u98ce\u9669\u6cbb\u7406\u67b6\u6784\u4e4b\u4e2d\u3002<\/p>\n<h5>\u4e3b\u8981\u53d1\u73b0\uff1a<\/h5>\n<ul>\n<li>\u4e2d\u56fd\u4e8e2019\u5e74\u5f15\u5165\u4e86\u6b63\u5f0f\u7684 DSF\uff0c\u8be5\u6846\u67b6\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u4ee5\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7\uff08IMF\uff09\u548c\u4e16\u754c\u94f6\u884c\u9762\u5411\u4f4e\u6536\u5165\u56fd\u5bb6\u7684 DSF \u4e3a\u84dd\u672c\uff0c\u501f\u9274\u4e86\u5176\u7ed3\u6784\u3001\u6982\u5ff5\u53ca\u5927\u91cf\u8868\u8ff0\u3002<\/li>\n<li>\u4e2d\u56fd\u5f00\u53d1\u6027\u91d1\u878d\u673a\u6784\u5f3a\u5316\u4e86\u5bf9\u5185\u90e8\u4e3b\u6743\u548c\u56fd\u522b\u98ce\u9669\u6307\u6807\u7684\u4f9d\u8d56\uff0c\u5728\u8d37\u6b3e\u51b3\u7b56\u4e2d\u63d0\u5347\u4e86\u5b8f\u89c2\u5c42\u9762\u98ce\u9669\u4fe1\u53f7\u76f8\u5bf9\u4e8e\u9879\u76ee\u5c42\u9762\u8bc4\u4f30\u7684\u91cd\u8981\u6027\u3002<\/li>\n<li>\u901a\u8fc7\u4e0e\u6cd5\u56fd\u548c\u5370\u5ea6\u8fdb\u884c\u6bd4\u8f83\u6027\u8fc7\u7a0b\u8ffd\u8e2a\uff0c\u7814\u7a76\u8868\u660e\u4e2d\u56fd\u7684\u505a\u6cd5\u662f\u5728\u503a\u52a1\u56f0\u5883\u52a0\u5267\u548c\u58f0\u8a89\u538b\u529b\u4e0a\u5347\u7684\u80cc\u666f\u4e0b\u9010\u6b65\u6f14\u53d8\u7684\uff0c\u4f46\u8fd9\u79cd\u6f14\u53d8\u8868\u73b0\u4e3a\u4e0e\u7ecf\u6d4e\u5408\u4f5c\u4e0e\u53d1\u5c55\u7ec4\u7ec7\uff08OECD\uff09\u5b9e\u8df5\u7684\u90e8\u5206\u8d8b\u540c\uff0c\u800c\u975e\u5b8c\u5168\u8d8b\u540c\u3002<\/li>\n<\/ul>\n<p>BRI-DSF \u7684\u5f15\u5165\u65e2\u662f\u5bf9\u507f\u4ed8\u98ce\u9669\u7684\u52a1\u5b9e\u56de\u5e94\uff0c\u4e5f\u662f\u4e00\u9879\u65e8\u5728\u4f20\u9012\u8d1f\u8d23\u4efb\u653e\u8d37\u5f62\u8c61\u7684\u58f0\u8a89\u7b56\u7565\u3002\u4f46\u4ece\u653f\u7b56\u89d2\u5ea6\u770b\uff0c\u4e2d\u56fd\u91c7\u7eb3\u7ecf\u8c03\u9002\u7684 IMF-\u4e16\u884c DSF \u7248\u672c\uff0c\u5e76\u4e0d\u5fc5\u7136\u5e94\u88ab\u89c6\u4e3a\u4e00\u79cd\u53d1\u5c55\u4e0a\u7684\u8fdb\u6b65\u3002\u4e2d\u56fd\u7684 BRI-DSF \u7ee7\u627f\u4e86\u8be5\u6a21\u578b\u7684\u90e8\u5206\u7f3a\u9677\u3002\u540c\u65f6\uff0c\u8fd9\u4e00\u6846\u67b6\u4e0e\u957f\u671f\u5851\u9020\u4e2d\u56fd\u6d77\u5916\u8d37\u6b3e\u7279\u70b9\u7684\u53d1\u5c55\u5bfc\u5411\u4e4b\u95f4\u5e76\u4e0d\u5b8c\u5168\u5951\u5408\uff0c\u4ece\u800c\u5f15\u51fa\u4e00\u4e2a\u66f4\u5c16\u9510\u7684\u95ee\u9898\uff1a\u5b83\u662f\u5426\u771f\u6b63\u9002\u5408\u6307\u5bfc\u53d1\u5c55\u4e2d\u56fd\u5bb6\u7684\u6295\u8d44\u51b3\u7b56\u3002<\/p>\n<p>*<\/p>\n<a href=\"https:\/\/www.bu.edu\/gdp-cn\/files\/2026\/05\/GCI-WP-050-TWMZM-DSA-2026-CH.pdf\" class=\"button\">\u9605\u8bfb\u8bba\u6587\u4e2d\u6587\u7248<\/a>\n<a href=\"https:\/\/www.bu.edu\/gdp\/2026\/05\/14\/debt-sustainability-with-chinese-characteristics-norm-convergence-and-its-limits-in-sovereign-lending\/\" class=\"button\">\u9605\u8bfb\u82f1\u6587\u539f\u6587<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u4e2d\u56fd\u4e8e2019\u5e74\u63a8\u51fa\u7684\u201c\u4e00\u5e26\u4e00\u8def\u201d\u4f4e\u6536\u5165\u56fd\u5bb6\u503a\u52a1\u53ef\u6301\u7eed\u6027\u6846\u67b6\uff08BRI-DSF\uff09\uff0c\u62d3\u5c55\u4e86\u4e2d\u56fd\u878d\u8d44\u673a\u6784\u5185\u90e8\u8bc4\u4f30\u548c\u76d1\u7ba1\u8981\u6c42\u4e4b\u5916\u5df2\u6709\u7684\u8bc4\u4f30\u5de5\u5177\u3002\u4f5c\u4e3a\u65b0\u578b\u53cc\u8fb9\u8d37\u6b3e\u5927\u56fd\uff0c\u4e2d\u56fd\u662f\u5982\u4f55\u4e0e\u65e2\u6709\u56fd\u9645\u89c4\u8303\u4e92\u52a8\u7684\uff1f<\/p>\n","protected":false},"author":25029,"featured_media":10129,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,155,389,28,1,30],"tags":[869,165,897,365,316,673,446,758,291],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/posts\/10128"}],"collection":[{"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/users\/25029"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/comments?post=10128"}],"version-history":[{"count":7,"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/posts\/10128\/revisions"}],"predecessor-version":[{"id":10137,"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/posts\/10128\/revisions\/10137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/media\/10129"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/media?parent=10128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/categories?post=10128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/gdp-cn\/wp-json\/wp\/v2\/tags?post=10128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}