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

US EUROPE AFRICA ASIA 中文
Business / Economy

Two sessions eyed for local govt debt solution

(Xinhua) Updated: 2014-02-26 13:16

BEIJING - The mounting debt incurred by China's local governments over the years will likely take center stage at this year's parliamentary sessions, set to begin on March 5.

"The debt issue has actually been around for years, and with the attention it gets, we are under a lot of pressure," a fiscal official from east China's Jiangsu province said in a recent interview on condition of anonymity.

Most local government officials shy away from talking about the issue in public, but they expect a move from the central government to break the current unsustainable borrowing through the country's shadow banking system.

Two sessions eyed for local govt debt solution

Two sessions eyed for local govt debt solution

The meetings of China's top legislature beginning March 5 and political advisory body on March 3 could offer change.

The issue has already gained traction over the past year, following a nationwide audit of government debt and the central government's repeated pledges to keep the risk from turning into a full-blown crisis.

China's debt problem, though different from the troubles that threatened to send the US government off a fiscal cliff or that roiled Greece into turmoil, has earned attention for its risk to the world's second-largest economy.

After various estimates put forward by agencies within and outside of China over the years, the Chinese government issued its own auditing results of local government debt at the end of last year.

This was followed by the results published by individual provinces and municipalities. These audits together confirm an emerging consensus that China's debt is generally manageable but could get out of hand if its structural problems and the lack of oversight are not addressed in a timely manner.

A first look at the size of China's local government debt by the end of June 2013 -- 10.88 billion yuan ($1.79 billion) in direct liabilities and 6.99 billion in contingent liabilities -- places China below the 60 percent debt-to-GDP ratio, an internationally accepted threshold to trigger a risk alert.

But staying below the threshold doesn't mean authorities can be complacent, as a thorough analysis of who lends and who borrows, and at what cost, shows risks are going unchecked.

"It's not the size, but the lack of supervision that has got regulators' nerves," said Hu Yijian, a professor specializing in fiscal policy at Shanghai University of Finance and Economics.

Local govt solvency tested on debts due

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 欧美一区二区在线视频 | 怡红院免费播放全部视频 | 亚洲国产字幕 | 国产日韩久久久精品影院首页 | 成人高清无遮挡免费视频软件 | 国产久草视频 | 亚洲精品久久片久久 | 亚洲在线免费观看视频 | 中文字幕在线观看国产 | 亚洲香蕉影院 | 国产亚洲人成网站在线观看 | 亚洲一区二区三区免费看 | 国产夜色 | 毛片在线视频在线播放 | 国产精品免费视频一区一 | 99av在线| 日韩欧美一区二区中文字幕 | 在线观看国产日本 | 精品国产日韩亚洲一区在线 | 99九九精品国产高清自在线 | 久久99国产亚洲高清观看韩国 | 成人女人a毛片在线看 | 高清精品女厕在线观看 | 亚洲欧美成人综合久久久 | 性xxxx奶大欧美高清 | 欧美日韩一区二区三区视视频 | 日韩欧美亚洲国产 | 国产精品久久久久影院色 | 亚洲欧美日韩国产精品 | 99热在线观看 | 国产极品喷水视频jk制服 | xoxoxoxo欧美性护士 | 一级网站片 | 天天欲色成人综合网站 | 国产午夜伦伦伦午夜伦 | 国产精品一区二区手机在线观看 | 亚洲一区二区三区中文字幕 | 国产香蕉在线视频一级毛片 | 亚洲乱强 | 国产91页 | 久久免费观看视频 |