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

chinadaily.com.cn
left corner left corner
China Daily Website

'No debt worries' in Changsha stimulus: official

Updated: 2012-08-04 14:52
( Xinhua)

CHANGSHA -- Changsha city officials on Friday defended the government's whopping $130 billion investment plan as necessary for its urban development, adding that financial support will be given by both banks and local governments, as the public is concerned about possible insolvency risks.

Zhou Lianjun, deputy head of the financing office of the Changsha municipal government, said there is "no need to overreact to debt worries".

He said the investment plan will take five years to fully implement. Many of projects in the plan are infrastructure projects relating to township construction in counties like Changsha, Liuyang and Ningxiang, which are on the list of 100 top counties in terms of economic strength.

Changsha, an industrial city in Central China's Hunan province, saw its GDP grow by 12.9 percent year-on-year to 289.6 billion yuan ($45 billion) in the first half. Infrastructure investment accounted for 65.6 percent of the GDP.

The city government announced last week that the stimulus plan includes 195 projects ranging from airport expansion and road construction to waste treatment and urban improvement projects.

The plan is being seen as a prelude to local government stimulus programs aimed at ramping up investment amid pressure created by the country's slowing economic growth, which expanded by 7.6 percent, a three-year low, in the second quarter.

Guizhou province and Xi'an, the provincial capital of Northwest China's Shaanxi province, have created similar investment plans to boost infrastructure construction.

Chinese economists, including outspoken critic Lang Jianping, have described the local government's stimulus plan as a "cardiotonic" injection to "an ailing patient", meaning that the debt-fueled solution carries the risk of bringing the slowing economy into a deep recession.

According to a report from the Hunan provincial audit office, the province has entered a debt repayment peak during which it will need to repay government debt totalling 118.2 billion yuan.

Zhou said that if the banks are comfortable with the government's ability to pay back its debt, then there should be no need to worry about possible insolvency.

However, Li Rui, a professor of economics at the Beihang University, said incumbent local governments should be careful about spending a lot of money on large investment projects with little yield, as future governments may become indebted.

Li said the central government should cap local governments' debt levels based on their respective GPDs, adding that State-owned commercial banks should be given freedom in choosing government-sponsored investment projects in order to keep insolvency risks in check.

...

...
...
主站蜘蛛池模板: 免费一级欧美大片久久网 | 青青自拍 | 欧美 亚洲 中文字幕 | 97se亚洲综合在线韩国专区福利 | 免费看一级欧美毛片视频 | 亚洲免费人成在线视频观看 | 国产福利微拍精品一区二区 | 亚洲国产欧美一区二区欧美 | 亚洲欧美成人影院 | 成年人免费观看网站 | 国产精品一级毛片不收费 | 91欧美精品 | 欧美一区二区视频在线观看 | 孕妇孕交视频 | 99视频在线永久免费观看 | 国产成人99久久亚洲综合精品 | 日日a.v拍夜夜添久久免费 | 欧美大片一级毛片 | 欧美不卡在线视频 | 日本欧美一区二区三区高清 | 一级女性生活片 | 久久99精品久久久久久野外 | 成年人免费在线视频 | 欧美午夜三级我不卡在线观看 | 美美女高清毛片视频黄的一免费 | 手机看片日韩日韩国产在线看 | 日韩精品福利视频一区二区三区 | 久久综合99re久久爱 | 欧美日韩成人午夜免费 | 波多野结衣视频在线观看地址免费 | 国产精品国产三级在线高清观看 | 日本免费观看的视频在线 | 波多野结衣一区二区 三区 波多野结衣一区二区三区88 | 香蕉久| 美女张开腿让我桶 | 爱啪网亚洲第一福利网站 | 91情国产l精品国产亚洲区 | 91精品欧美成人 | 免费国产一区二区在免费观看 | 男人操美女逼视频 | 可以看毛片的网址 |