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

Make me your Homepage
left corner left corner
China Daily Website

Govt debt audit to examine risks for sound economy

Updated: 2013-07-30 11:19
( Xinhua)

BEIJING - A forthcoming audit of overall government debt in China is expected to reveal the status quo of growing government debt and its potential risks amid the country's economic slowdown.

The planned nationwide audit follows a previous one conducted by the National Audit Office (NAO), which found liabilities of 3.85 trillion yuan (about $624 billion) owed by 36 local governments, including Shanghai, Tianjin and Chongqing municipalities, by the end of 2012.

The debt amount was 12.94 percent higher compared with that at the end of 2010, when the combined debt of the 36 local governments accounted for 31.79 percent of the 10.7 trillion yuan in total local government debt at that time.

"When we talk about the local government debt problem, we should at least know what exactly the size of the debt is," said Zheng Chunrong, an economic professor at Shanghai University of Finance and Economics.

"How to restrain local governments if we have no clear idea of the debt amount?" Zheng said.

In June, the NAO also warned about the common financing of some local governments via trusts or fund companies and the high interest rates.

As the country is undergoing economic slowdown with declining revenues from land sales for local governments, a major source of the authorities' fiscal revenues, the new audit will examine overall actual risks in this sector, experts say.

A large part of local government debt has been spent on urban construction, and the worries and pressures of a county-level finance official can shed some light on the situation.

The deputy head of the finance bureau of a county in Central China's Hubei province said the county government would ask the bureau to raise funds for infrastructure projects.

But insufficient funds forced the bureau to take out loans from banks. Later, due to the long process and difficulties in being approved for loans from banks, the bureau resorted to raising private funds, said the local official who declined to be named.

The interest on the debts alone brought him great pressure. "Our repaying abilities are very poor, but the debts are increasing, just like a huge mountain. I fear there will be a breakdown some day," he said.

In a new zone under construction in Xi'an, capital of northwest China's Shaanxi province, the construction of infrastructure facilities relies on bank loans.

The zone borrowed nearly 2 billion yuan from banks in 2012, with part of the loans taken out at a yearly interest rate of 12 percent. The short-term, high-interest loans brought a heavy financial burden to the local government.

Urban construction requires huge investments, and local governments often do not have the financial ability to support this on their own, said a top county finance official in northeast China. Bank loans and land development are two major channels for raising money.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 一级黄色一级片 | 国产精品毛片无码 | 免费观看亚洲 | 国产超级乱淫视频播放 | 亚洲欧美日韩精品久久久 | 国产三级精品91三级在专区 | 日本人强jizzjapanesehd | 伊人热 | 亚洲在线网 | 国产福利91精品一区二区 | 亚洲国产天堂久久综合226 | 天堂tv亚洲tv日本tv不卡 | 免费a大片| 99re最新这里只有精品 | 美国黄色片视频 | 丝瓜着色的视频 | 香蕉在线观看999 | 国产在线精品一区二区三区 | 日本午夜一级特黄毛片 | 91久久国产口精品久久久久 | 日韩在线视频网站 | 久久久久国产精品 | 麻豆网站免费观看 | www.亚洲综合 | 亚州一区 | 国内精品久久久久久麻豆 | 国产在线19禁免费观看国产 | 亚洲精品99久久久久久欧美版 | 国产欧美日韩中文字幕 | 国产一级二级三级在线观看 | 久碰香蕉精品视频在线观看 | 国产亚洲精品第一区在线观看 | 黄色小视频免费观看 | 精品视频999| 亚洲欧美日本国产综合在线 | sese久久| 亚洲小视频在线观看 | 国产网站在线 | avav在线播放 | 国产成人精品综合 | 国产精品每日在线观看男人的天堂 |