三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

For local government debts, transparency seen as a necessity

By Wu Yiyao in Shanghai | China Daily | Updated: 2013-04-09 10:03

Economists encourage greater openness and market liberalization

Economists in China have called for a more liberalized market and greater transparency in soaring local government debts.

The latter must be achieved before decision makers can have a clear idea of what to do with the debts, said economists at a conference on China's financial policies in Shanghai on Monday.

Xu Xiaonian, professor of finance at the China-Europe International Business School (CEIBS), said it is unclear how much money local governments have borrowed from various parties since the central government introduced a 4-trillion-yuan ($644 billion) stimulus package to boost the economy and domestic demand in 2008.

"In localities with relatively good financial conditions such as those coastal cities in the eastern and southern parts of China, local government debts are about two times that of annual fiscal revenue ... and some overseas institutions estimate that debts at various levels of government in China may be 100 percent of China's GDP," said Xu.

Xu said to clear up non-performing debts, it is essential to have a clear picture of local government balance sheets.

Concerns over government debt in the world's second-largest economy have intensified since decision-makers tightened financing in the real estate sector. This affects local governments' land sales, a major source of their fiscal income.

The development of the local real estate industry and local governments' debts are intertwined, and if housing prices drop drastically, lenders may have to face heavy bad debts, said Xu.

Previous Page 1 2 3 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 婷婷黄色片 | 香港一级a毛片在线播放 | 国产精品综合色区在线观看 | 午夜香蕉网 | 在线观看黄色一级片 | 国产专区日韩精品欧美色 | 欧美a级片在线观看 | 色老头xxxxbbbb视频 | www视频免费在线观看 | 国产二区在线播放 | 中文字幕在线国产 | 日韩综合在线视频 | 亚洲精品一区二区三区婷婷月 | 色片在线看 | 综合九九| 男女动态视频在线观看 | 亚洲黄色视屏 | 亚洲美女在线播放 | 精品成人在线视频 | 亚洲毛片在线 | 成人在线视频网站 | 日韩毛片高清在线看 | 成人福利在线播放 | 国产精品亚洲综合网站 | 国内精品在线观看视频 | 亚洲精品国产精品国自产观看 | 国产在线h视频 | 美国免费三片在线观看 | 免费三及片 | 老外一级毛片免费看 | 成人午夜免费视频免费看 | 真人肉体一级毛片 | 亚洲精品欧美精品 | 国产综合视频在线观看一区 | 国产黄色一级片 | 国产欧美精品系列在线播放 | 国产情侣啪啪 | 99久久综合狠狠综合久久aⅴ | 亚洲s码| 在线免费观看一级毛片 | 国产一区二区三区日韩欧美 |