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

Make me your Homepage
left corner left corner
China Daily Website

Govt debt audit to examine risks for sound economy

Updated: 2013-07-30 11:19
( Xinhua)

BEIJING - A forthcoming audit of overall government debt in China is expected to reveal the status quo of growing government debt and its potential risks amid the country's economic slowdown.

The planned nationwide audit follows a previous one conducted by the National Audit Office (NAO), which found liabilities of 3.85 trillion yuan (about $624 billion) owed by 36 local governments, including Shanghai, Tianjin and Chongqing municipalities, by the end of 2012.

The debt amount was 12.94 percent higher compared with that at the end of 2010, when the combined debt of the 36 local governments accounted for 31.79 percent of the 10.7 trillion yuan in total local government debt at that time.

"When we talk about the local government debt problem, we should at least know what exactly the size of the debt is," said Zheng Chunrong, an economic professor at Shanghai University of Finance and Economics.

"How to restrain local governments if we have no clear idea of the debt amount?" Zheng said.

In June, the NAO also warned about the common financing of some local governments via trusts or fund companies and the high interest rates.

As the country is undergoing economic slowdown with declining revenues from land sales for local governments, a major source of the authorities' fiscal revenues, the new audit will examine overall actual risks in this sector, experts say.

A large part of local government debt has been spent on urban construction, and the worries and pressures of a county-level finance official can shed some light on the situation.

The deputy head of the finance bureau of a county in Central China's Hubei province said the county government would ask the bureau to raise funds for infrastructure projects.

But insufficient funds forced the bureau to take out loans from banks. Later, due to the long process and difficulties in being approved for loans from banks, the bureau resorted to raising private funds, said the local official who declined to be named.

The interest on the debts alone brought him great pressure. "Our repaying abilities are very poor, but the debts are increasing, just like a huge mountain. I fear there will be a breakdown some day," he said.

In a new zone under construction in Xi'an, capital of northwest China's Shaanxi province, the construction of infrastructure facilities relies on bank loans.

The zone borrowed nearly 2 billion yuan from banks in 2012, with part of the loans taken out at a yearly interest rate of 12 percent. The short-term, high-interest loans brought a heavy financial burden to the local government.

Urban construction requires huge investments, and local governments often do not have the financial ability to support this on their own, said a top county finance official in northeast China. Bank loans and land development are two major channels for raising money.

Previous Page 1 2 Next Page

 
 
...
主站蜘蛛池模板: 91亚洲视频在线观看 | 欧美日韩一级在线 | 青青青草视频 | 免费欧美日韩 | 国产精品久久久久免费 | 欧美在线视频二区 | 丁香六月在线 | 亚洲高清一区二区三区 | 夜夜cao| 亚洲五月花 | 亚洲一区二区在线观看视频 | 国产精品久久久久久在线观看 | 天天超碰 | 欧美一区二区三区观看 | www狠狠操| 天堂av资源在线 | 国产麻豆一级片 | 日韩一区三区 | 美国做爰xxxⅹ性视频 | 在线视频一区二区三区 | 午夜高清| 超碰98在线观看 | 日韩精品免费一区二区夜夜嗨 | 国产精品视频专区 | 欧美精品午夜 | 亚洲最新视频 | 日韩中文字幕一区二区三区 | 欧美男人天堂网 | 牛牛视频在线观看 | 轻轻色在线观看 | 国产精品无 | 欧美激情精品久久久久久蜜臀 | 三级网站在线免费观看 | 在线成人小视频 | 97人人澡| 日韩精品一二三 | 国产成人av一区二区三区 | 五月婷久久 | 色爱综合 | 欧美日韩精品久久久免费观看 | 亚洲最黄视频 |