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 / Markets

Most local govt debt 'controllable', says banker

By Cai Xiao (China Daily) Updated: 2014-05-15 10:35

The investment return of China's local government debt is good, and its risk can be controlled, the chairman of the Export-Import Bank of China said on Wednesday.

"Most funds borrowed by local governments are used for infrastructure construction, which generates good investment returns and promotes the development of the local economy," said Li Ruogu, chairman of the Export-Import Bank of China.

"The risk of the debt can be controlled, and the debt level is lower than in many developed economies," Li added.

Most local govt debt 'controllable', says banker
Most local govt debt 'controllable', says banker

Most local govt debt 'controllable', says banker

By the end of 2012, the direct debt of China's local governments stood at 36.7 percent of the nation's GDP, according to the National Audit Office. At the same time, the public debt of the United States was 104 percent of that country's GDP.

"It is estimated that the ratio of China will not exceed 60 percent, which is the internationally recognized warning line, "said Li.

Li added that China should set up a system that confirms the responsibilities of debt issuers, including local governments and enterprises, which can reduce risk.

China should promote budget reform to strengthen the debt limit, said Liu Yuhui, an economist with the Institute of Finance and Banking at the Chinese Academy of Social Sciences.

Premier Li Keqiang said in March that the level of local government debt is within control but promised to take further regulatory steps, including putting debt under budgetary management, to strengthen oversight.

"We will establish a standard financing mechanism with which local governments can issue bonds and place local government debt under budgetary management," said the government report delivered by the premier at the opening of the annual session of the National People's Congress earlier this year.

Bank of America Merrill Lynch Chief China Economist Lu Ting said in a research note that local governments will likely borrow through regulated channels, as the premier promised.

Li Ruogu, the Export-Import Bank of China chairman, also said on Wednesday that it is baseless to say that China is overissuing currency.

According to him, China is mainly engaged in indirect financing through commercial banks and the scale of the country's stock and bond markets is still relatively small.

"That's why China's ratio of money supply to GDP is comparatively high, but it is still lower than that of Japan, Singapore, South Korea or the Eurozone," Li said.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 久久精品国产亚洲欧美 | 一级爱做片免费观看久久 | 亚洲最大情网站在线观看 | 91精品乱码一区二区三区 | 国产一区二区三区在线视频 | 精品久久久久久国产免费了 | 国内自拍第100页 | 国产精品玖玖 | 99久久精品国产自免费 | 久久久久久网站 | 国产成人精品综合久久久软件 | 久久成人小视频 | 日本女人在线观看 | 国产一级特黄一级毛片 | 成人毛片1024你懂的 | 亚洲日产综合欧美一区二区 | 国产成人国产在线观看入口 | 国产一区亚洲二区三区毛片 | 美国免费毛片 | 中文一区在线观看 | 国产日产精品_国产精品毛片 | 91精品国产免费久久国语蜜臀 | 99精品视频在线在线视频观看 | 欧美激情中文字幕 | 国产精品爽爽va在线观看无码 | 国产初高中生粉嫩无套第一次 | 国产成人18黄网站免费网站 | 国产成人精品一区二区三区 | 99久久精品免费精品国产 | 亚洲免费在线 | 三级做人爱c视频18三级 | 深夜爽爽爽gif福利免费 | 午夜亚洲 | 欧美日韩一区二区三区在线视频 | 国产精品视频一区二区猎奇 | 真人一级毛片免费观看视频 | 99国产在线播放 | 欧美性色xo影院在线观看 | 97免费在线 | 日韩 欧美 国产 师生 制服 | 日韩国产精品99久久久久久 |