t[1]|chinadaily.com.cn

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

left corner left corner
China Daily Website

Local debts surge to nearly $3t

Updated: 2013-12-31 07:43
By Zheng Yangpeng ( China Daily)

Figure implies 67 percent rise from previous audit results at the end of 2010

Local debts surge to nearly $3t

China's local government debt and contingent liabilities ballooned to 17.89 trillion yuan ($2.93 trillion) as of the end of June, according to the long-awaited results of an audit.

The figure, released by the National Audit Office on its website on Monday, implied a 67 percent rise from a previous estimate of 10.7 trillion yuan at the end of 2010.

Concerns have grown over the amount of debt and its potential impact on the world's second-largest economy.

Beijing embarked on the audit in July. The official process, involving 54,400 auditors across the nation, examined liabilities at five levels of government: central, provincial, prefectural, county and township.

The 2010 audit only covered provincial, prefectural and county government debt.

The result of the audit showed that local governments' direct debt - debt that will be repaid by government fiscal revenue - totaled 10.88 trillion yuan.

Contingent debt, which is defined as debt that will be repaid by return on projects, reached 7 trillion yuan.

The contingent debt tally includes debt for which local governments issued official guarantees (2.67 trillion yuan) and debt with implicit government guarantees (4.34 trillion yuan).

Combined with another 9.81 trillion yuan in direct central government debt, 0.23 trillion yuan in central government backed debt and 2.3 trillion yuan in debt with implicit central government guarantee, China's total government debt as of June 2013 was 30.27 trillion yuan.

The NAO said total debt by the end of 2012 was 113.41 percent of government fiscal revenue, while a 90 to 150 percent ratio is considered safe internationally.

"China's government debt risks are under control in general, but there are potential risks in some places," the office said.

"We believe the markets and the Chinese government should be alarmed by the rapidly rising leverage, but we do not believe China is on the brink of a debt crisis, especially if the new leaders can take decisive measures to arrest its rising leverage," Lu Ting, an economist at Bank of America Merrill Lynch in Hong Kong, said in a note Monday.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 精品无码三级在线观看视频 | 黄色三级网址 | 国产成人在线免费 | 免费久草视频 | 国产大臿蕉香蕉大视频女 | 九九re6精品视频在线观看 | 精品视频在线观看一区二区三区 | 中文字幕一区在线 | 精品一精品国产一级毛片 | 欧美一线高本道高清在线 | 免费的三级网站 | 免费精品99久久国产综合精品 | 亚洲精品第五页 | 精品久久久久久亚洲 | 精品一区二区三区中文字幕 | 亚洲成在 | 亚洲国产午夜精品理论片的软件 | 久操免费在线视频 | 日韩中文字幕免费观看 | 日本理论片午夜论片 | 韩国欧洲一级毛片 | 99在线视频精品 | 一级毛片视频播放 | 亚洲一成人毛片 | 日韩久久一区二区三区 | 亚洲精品欧美精品一区二区 | 日本一区二区高清免费不卡 | 欧美一级二级三级视频 | 欧美一级片在线播放 | 精品欧美高清不卡在线 | 国产成人精品免费视频大全软件 | 中字毛片 | 国产成人精品日本亚洲专一区 | 天空在线观看免费完整 | 精品72久久久久久久中文字幕 | 国产99在线播放 | 国产精品久久久久a影院 | 美女黄页网站免费进入 | 最近手机中文字幕1 | 亚洲天堂日韩在线 | 国产精品久久久久影院色老大 |