中国政府从1998年开始实施的积极财政政策,已基本实现了预期目标。随着中国迎来新一轮的经济社会发展期,积极财政政策的转向调整已是大势所趋,需要及时制定相应政策与措施,确保政策顺利转型,防范可能的财政风险,保持经济社会的稳定与增长。其中,如何建立中国中长期国债偿还机制 The proactive fiscal policy implemented by the Chinese government since 1998 has basically achieved its desired goal. As China ushers in a new round of economic and social development, the adjustment of the proactive fiscal policy is the trend of the times. We need to formulate appropriate policies and measures in time so as to ensure smooth transition of policies, guard against possible fiscal risks and maintain economic and social stability and growth . Among them, how to set up China’s long-term treasury bonds repayment mechanism