According to reports, in terms of issuance methods: the national inter-bank bond market is open to domestic banks, and the People's Bank of China will conduct open market operations on relevant banks.
The current national debt is a three-year fixed-rate interest-bearing bond with a face value of 750 billion yuan, which can be listed and traded. The issue date and value date are set to 65438+February 65438+February 2022.
Facing the huge number of 750 billion! Some friends are not calm, so much money pouring into the market will lead to hyperinflation? In fact, don't treat the information of the country's large-scale bond issuance as a scourge, but think about it in combination with the current environment:
First of all, the special national debt is not issued by the central bank, but by the Ministry of Finance. We can think of market funds as a reservoir. The currency issued by the central bank is the water inlet of commercial banks and the water outlet of commercial banks to the real economy.
When the Ministry of Finance issues bonds, it uses the government's credit endorsement to lend money from commercial banks to the real economy to be guided by the state, so it is essentially to increase the amount of water exported.
Secondly, as we all know, we will vigorously stabilize economic growth next year, but at the same time, we advocate not speculating on mortgages, so we will not stabilize economic growth by stimulating real estate or housing prices. After all, the leverage ratio of residents' loans has reached more than 60%, and it is difficult to add leverage!
Therefore, the issuance of special treasury bonds is a sign of fiscal expansion, which increases the government's debt, ignites the engine of economic growth and promotes the growth of the national economy.
Third, the essence of inflation is that the money supply is greater than the actual demand, that is, the actual purchasing power is greater than the output supply, which leads to the devaluation of the currency and the sustained and general rise of prices for a period of time.
In the future, if we can stimulate the growth of the national economy and achieve the result of resuming production and increasing output supply, the currency will not depreciate. On the contrary, if a large amount of money is issued, but it fails to stimulate economic production, it will lead to hyperinflation!
For example, during the epidemic, QE in the United States and the European Union issued a large amount of money, but they did not achieve the purpose of stimulating economic production. The money in the hands of ordinary people did increase, which stimulated consumption in a short time, but the goods on the market did not increase, resulting in inflation in the United States and the European Union reaching 10%.
In a word, 750 billion special national debt should be the engine of economic growth, not the driver of hyperinflation. I believe that as long as we unite and overcome the difficulties together, we will definitely get out of this predicament and meet a better future! I wonder if everyone feels the same way!