The government is using a variety of instruments, including financial-sector credit discipline, to rein in investment demand. Essentially, the government guarantee associated with financing public-sector investment is being withdrawn – as it should be.
政府动用了包括金融部门信用纪律在内的大量工具抑制投资需求。从根本上说，政府对公共部门投资融资的担保正在收回——理应如此。