中央财经大学校长马海涛：债务管理并非单纯做减法

Core Viewpoint - The central theme of the discussion emphasizes the need for a combination of investments in physical assets and human capital to stabilize and promote economic recovery [2] Group 1: Fiscal Policy Recommendations - The suggestion for a more proactive fiscal policy includes maintaining necessary overall strength while continuously optimizing structural direction [2] - The collaboration between "investment in physical assets" and "investment in human capital" is crucial for stabilizing investments and laying a solid foundation for economic recovery [2] Group 2: Debt Management Strategy - Debt management should not merely focus on reduction but rather on scientific management to align debt scale with the demands of "promoting high-quality development" and "building a modern industrial system" [2] - Key strategies include establishing a cross-cycle medium-term budget framework to break free from annual balance constraints [2] - Strengthening the efficient coordination between fiscal and monetary policies is essential to ensure smooth transmission of monetary policy [2] - Optimizing the structure of central and local government debts and managing the use of special bonds are also recommended to stimulate effective investment [2]