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

chinadaily.com.cn
left corner left corner
China Daily Website

'No debt worries' in Changsha stimulus: official

Updated: 2012-08-04 14:52
( Xinhua)

CHANGSHA -- Changsha city officials on Friday defended the government's whopping $130 billion investment plan as necessary for its urban development, adding that financial support will be given by both banks and local governments, as the public is concerned about possible insolvency risks.

Zhou Lianjun, deputy head of the financing office of the Changsha municipal government, said there is "no need to overreact to debt worries".

He said the investment plan will take five years to fully implement. Many of projects in the plan are infrastructure projects relating to township construction in counties like Changsha, Liuyang and Ningxiang, which are on the list of 100 top counties in terms of economic strength.

Changsha, an industrial city in Central China's Hunan province, saw its GDP grow by 12.9 percent year-on-year to 289.6 billion yuan ($45 billion) in the first half. Infrastructure investment accounted for 65.6 percent of the GDP.

The city government announced last week that the stimulus plan includes 195 projects ranging from airport expansion and road construction to waste treatment and urban improvement projects.

The plan is being seen as a prelude to local government stimulus programs aimed at ramping up investment amid pressure created by the country's slowing economic growth, which expanded by 7.6 percent, a three-year low, in the second quarter.

Guizhou province and Xi'an, the provincial capital of Northwest China's Shaanxi province, have created similar investment plans to boost infrastructure construction.

Chinese economists, including outspoken critic Lang Jianping, have described the local government's stimulus plan as a "cardiotonic" injection to "an ailing patient", meaning that the debt-fueled solution carries the risk of bringing the slowing economy into a deep recession.

According to a report from the Hunan provincial audit office, the province has entered a debt repayment peak during which it will need to repay government debt totalling 118.2 billion yuan.

Zhou said that if the banks are comfortable with the government's ability to pay back its debt, then there should be no need to worry about possible insolvency.

However, Li Rui, a professor of economics at the Beihang University, said incumbent local governments should be careful about spending a lot of money on large investment projects with little yield, as future governments may become indebted.

Li said the central government should cap local governments' debt levels based on their respective GPDs, adding that State-owned commercial banks should be given freedom in choosing government-sponsored investment projects in order to keep insolvency risks in check.

...

...
...
主站蜘蛛池模板: 99精品小视频| 日本免费黄色 | 精品久久在线 | 永久免费毛片 | 一区二区三区四区视频在线 | 欧美jizz欧美性大全 | 男人的天堂av网站 | 久久在线免费视频 | 在线观看亚洲天堂 | 亚洲精品国产欧美在线观看 | 国产又大又黄视频 | 国产在线一区视频 | 波多野结衣午夜 | 一级特黄色片 | 日本色网址| 亚洲女同av | 日日夜夜伊人 | 日韩一区二区三区四区 | 97福利视频 | 国产调教在线 | 日婷婷 | 日韩色网站 | 午夜激情小视频 | 国产精品欧美综合 | 五月天亚洲综合 | 成年人在线免费看 | 一区二区三区国产在线观看 | 日韩中文字幕一区 | 国产精品13p| 91最新在线视频 | 黄色影院在线 | 欧美三级小视频 | 一区二区三区精品在线 | 成人久久久精品乱码一区二区三区 | 欧美亚洲激情 | 亚洲福利在线观看 | 欧美激情在线播放 | 精品国产一区二区三区在线观看 | 成人婷婷| 日本不卡高字幕在线2019 | 久久综合久色欧美综合狠狠 |