This flood of money rang alarm bells for Li and President Xi Jinping when they took office in early 2013. The government has since reined in money-supply growth and started to impose limits on local governments’ borrowing.
这笔钱也给2013年初接班的李克强和国家主席习近平敲响了警钟。此后，中国政府遏制了货币供应增长，开始实施地方政府贷款上限。货币扩张有所减速。预算法也进行了修订，允许地方政府发行政府债券，而它们从央行的贷款被严密监控。