此外，由于地方政府和国有企业占了中国不良债务的大头，因此通过中央政府债券提供资金予以减记也许是必不可少的 — — 并且要快。
Furthermore, given that local governments and state-owned enterprises are responsible for the majority of China’s bad debts, write-offs, funded by central-government bonds, will probably be necessary – and soon.