"He had stated that long-term use of subsidies will create uncompetitive businesses that are overreliant on government handouts.
How would you address that without hurting unemployment figures? And how about the increasingly higher spending from these subsidies?"
As the news anchor asked his question, Liuqian didn't seem to be fazed by it as he quickly came up with an answer.
"I'll answer this question in two parts... First, the use of subsidies is temporary. As I already mentioned, its existence is to stabilize startup companies.
This program is not permanent. And many of these subsidies are done through low-interest loans. So they aren't just handouts for free.
When we find the right time, we will begin to cut back on this program... Secondly, the increased spending is actually a good thing."
"Why would that be a good thing? Aren't we creating a debt that might grow too big to pay back?"
