日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Local debts controllable amid tightening regulations

Updated: 2011-09-12 10:52

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - Senior Chinese officials from the nation's central government departments said that debt risks facing local governments are controllable as regulations are increasingly tightening to prevent such risks.

According to the country's top auditing authority, the debts of local governments stood at a little more than 10.7 trillion yuan ($1.67 billion) at the end of last year.

Audit results also showed that local governments' foreign debt ratio stood at 70.47 percent, lower than the 100 percent warning line. The ratio, based on external debt and export income, is a major measure of foreign debt risks.

Meanwhile, the debt-to-GDP (Gross Domestic Product) ratio covering both the central and local governments was less than 50 percent, which was far lower than that of the world's major economies currently mired in debt crises, said Xu Lin, the director of the fiscal and finance department of the National Development and Reform Commission (NDRC), the country's top economic planning body.

According to the nation's statistics bureau, China's GDP rose 9.6 percent year-on-year to reach 20.446 trillion yuan ($3.2 trillion) in the first half of this year, while fiscal revenue surged 30.5 percent from a year earlier to 6.67 trillion yuan in the first seven months.

Xu also said that the likelihood of debt defaults by local governments was low.

His remarks were validated by tighter regulations, or at least the central government's awareness of a need to act in order to prevent debt from getting out of hand.

In June, officials made proposals to the Standing Committee of the National People's Congress, the country's top legislative body, that relevant laws and regulations be clarified regarding the management of the local government financing vehicles (LGFV) and the establishment of a mechanism for risk-warning and debt repayment.

The Chinese Academy of Social Sciences and the Ministry of Finance in July jointly released a report which pointed out that the debts of local governments are a long-term threat considering the hidden debts of the economies of China and other developing countries are large.

The report also warned of spreading sovereign debt crises which have become serious problems for Europe, the United States, and Japan.

The alert caught the attention of Premier Wen Jiabao, who chaired a meeting in July and ordered local governments to come up with measures to contain debt risks.

"Actually, since last year, only the top 100 counties in terms of fiscal revenue can apply for issuing bonds through LGFVs," Xu said.

Meanwhile, a local government is not allowed to sell such bonds if its debt exceeds 100 percent of its total fiscal revenues, said Xu.

"These strict regulations rendered many LGFVs unable to issue bonds, and this will help reduce risks," Xu said.

An official with the Ministry of Finance said the ministry will speed up studies on plans to set up a risk warning system for local government debt and include local government debt in budget management.

The country's banking regulator also said it will order banks to strictly control new lending, step up control over land-mortgage loans, and carry out cooperations with local governments in a "prudent" manner.

主站蜘蛛池模板: 激情综合五月婷婷 | 亚洲影院在线 | 蜜桃天堂| 成人av综合网 | 久一在线 | 国产精品福利在线播放 | 九九国产精品视频 | 蜜桃成人在线视频 | 国产精品2区 | 午夜在线观看视频 | 日韩亚洲视频 | 国产一区二区三区免费在线观看 | 青青艹av| 国产区精品视频 | 久久三级视频 | 在线播放中文字幕 | 欧美成人免费在线 | 国产精久久一区二区三区 | 鲁大师在线高清在线播放免费观看 | 日韩一区免费 | 激情视频久久 | 91porny九色最新地址 | 日韩一级高清 | 日韩精品www | 成年人在线观看av | 国产小视频在线免费观看 | 精品欧美激情精品一区 | 国产性生活大片 | 极品魔鬼身材女神啪啪精品 | 免费看成年人视频 | 日韩欧美一级 | 亚洲精品大片 | 国产激情网站 | 亚洲区中文字幕 | 欧美日韩中文字幕一区 | 久久精品99国产国产精 | 亚洲午夜精品久久久 | jlzzjlzzjlzz亚洲人| 日韩1区2区3区 | 久久在线观看视频 | 久久久成人av |