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: 99精品偷自拍 | 欧美精品国产动漫 | 精品欧美乱码久久久久久 | 日本免费黄色小视频 | 欧美另类视频在线观看 | 华人永久免费视频 | 久久久国产精品一区二区三区 | 69xxx国产 | av毛片在线播放 | 天天狠天天操 | 深夜福利在线视频 | 污网站在线免费看 | 日韩成人午夜 | 午夜欧美激情 | 欧美久久久久久久久中文字幕 | 超碰97人人草 | 欧美一区二区在线视频 | 欧美成年人视频 | 日韩1页| 一区二区视频网站 | 免费看日产一区二区三区 | 国产成人在线免费观看 | 天天色影院 | 亚洲午夜精品在线 | 久久久影院| 激情播播网 | 久久av在线 | 亚洲理论视频 | 最新黄色av网站 | 国产一级一片免费播放放a 99国产精品99久久久久久 | 一级片自拍 | 欧美成人午夜精品免费 | 91视频综合| av最新网址| 欧美天堂在线 | 日韩一级在线播放 | 少妇精品偷拍高潮白浆 | 中文字幕精品视频在线观看 | 亚洲第一页av | 97狠狠| 日日插日日操 |