www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Opinion

Affordable housing strains local govts' coffers

By Li Chang'an (China Daily)
Updated: 2011-01-14 09:45
Large Medium Small

The central government's ambition of building more government-subsidized apartments nationwide this year will truly test local governments' finances.

The country plans to build 10 million subsidized apartments in 2011, almost twice as many as last year's target of 5.8 million.

Affordable housing strains local govts' coffers

The total investment by all levels of government will increase to 1.4 trillion yuan ($212 billion), or 20 percent of the country's total annual real estate investment.

But it will be a great financial burden for local governments, which will likely fail to meet the target because of a lack of funds.

The central government invested 80.2 billion yuan in subsidized apartments last year, Ministry of Housing and Urban-Rural Development figures showed.

The central government will likely increase its investment to 100 billion yuan this year. Another 100 billion will come from the Housing Provident Fund, a compulsory social security program requiring all employees to make long-term deposits since 1994.

But local governments will still need to raise the remaining 1.2 trillion yuan.

This will prove challenging, as most local governments have been in dire financial straits for years.

The debts of local governments of 18 provinces totaled 2.8 trillion yuan in 2009, National Audit Office figures showed.

Related readings:
Affordable housing strains local govts' coffers Banks urged to lend more for affordable housing projects
Affordable housing strains local govts' coffers Big push to unlock affordable housing
Affordable housing strains local govts' coffers Wen vows to tame housing
Affordable housing strains local govts' coffers Govt reveals new-year pledge on housing prices

Some county governments' one-year interest payments on their debts equal about a third of their annual fiscal revenues. Their ability to repay debts is concerning.

The central government's push to construct subsidized housing will also significantly reduce local governments' incomes, as such housing is not profitable.

In 2009, the country generated a total of 1.42 trillion yuan from land leases. The income accounted for a stunning 50 to 60 percent of some cities' total revenues.

Practically no city has reached affordable housing construction targets in the past seven years.

That includes the wealthier metropolises, such as Beijing, Shanghai, Zhejiang's provincial capital Hangzhou and Hubei's provincial capital Wuhan.

The central government must step up its financial support of local governments and more private funds should be sought.

The author is a senior research fellow specializing in public policy at the University of International Business and Economics.

主站蜘蛛池模板: 高清不卡毛片免费观看 | 国产精品特黄一级国产大片 | 成年人网站免费视频 | 亚洲狠狠综合久久 | 日本午夜三级 | 色伊人国产高清在线 | 玖草在线| 91精品久久 | 中文字幕在线乱码不卡区区 | 国产一级视频播放 | 一级成人毛片 | 国产精品亚洲精品 | 成年男女拍拍拍免费视频 | 亚洲国产老鸭窝一区二区三区 | 欧美理论大片清免费观看 | 久久久久久一级毛片免费无遮挡 | 成人欧美在线 | 2018久久久国产精品 | 国产精品久久久久久免费 | 久久久久久99精品 | 大黄一级片| 亚洲www色 | 国产精品视频久 | 中国性猛交xxxxx免费看 | 欧美精品hdxxxxx | 免费视频毛片 | 国产精品免费aⅴ片在线观看 | 日本在线免费播放 | 18视频免费网站 | 国产成人高清一区二区私人 | 日韩美视频网站 | 特色黄色片 | 日本毛片在线看 | 九九热爱视频精品视频高清 | 9久久99久久久精品齐齐综合色圆 | 九九精品免视频国产成人 | 日韩精品一级a毛片 | 欧美巨大另类极品videohd | 国产在线精品成人一区二区三区 | 亚洲精品综合一区二区三区 | 毛片爽爽爽免费看 |