t[1]|chinadaily.com.cn

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

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

 
 
...
主站蜘蛛池模板: 免费看一级黄色 | av片在线看| 日本在线一区 | 天堂中文av| 国产一区99 | 国模精品视频一区二区 | 国产毛片自拍 | 亚洲免费三区 | 色婷婷一区 | 国产精品视频网址 | 成人毛片在线观看 | 青娱乐成人 | 少妇一级淫片免费播放 | 伊人久久精品 | 操一操| 日本久久中文 | 涩涩涩涩色 | 国产成人精品一区 | 亚洲最新在线 | 日韩av网址在线观看 | 久久精品视频久久 | 青青操免费在线视频 | 一级做a爱| 性做爰裸体按摩视频 | 五月天久久久久 | 国产成人精品久久二区二区 | 天堂网一区 | 精品国内自产拍在线观看视频 | 96久久 | 91精品国产色综合久久不卡98 | 亚色网站| 激情视频一区 | 天天上天天干 | 天天看毛片 | 中文字字幕在线中文 | 超级碰在线视频 | 午夜小视频在线 | 日韩av中字 | 亚洲欧美强伦一区二区 | 久久免费大片 | 日本黄色录象 |