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: 精品亚洲天堂 | 日韩一区免费视频 | 国产91免费 | 毛片大全 | 青青操网| 亚洲老头老太树林hd | 成人在线视频播放 | av超碰 | 国产一区二区三区网站 | 午夜寂寞影院在线观看 | 三级福利视频 | 成人高清视频在线观看 | 国产精品毛片久久 | 亚洲性天堂 | 国产成人99 | 91成人小视频 | 欧美国产在线观看 | 变态 另类 国产 亚洲 | 精品国产乱码久久久久久108 | 日韩在线三区 | 中文字幕在线免费观看视频 | 青草伊人网 | 亚洲国产精品免费在线观看 | 欧美大胆a | 国产精品久久久久久免费播放 | 国产精品美女久久 | 久草国产精品 | 亚洲精品大全 | 男女视频一区 | 视频国产一区二区 | 久久99精品久久久久久三级 | 国产精品第1页 | 欲望岛av | 欧美国产另类 | 天堂综合 | 欧美精品亚洲精品 | 成人免费公开视频 | 操韩国美女 | 香蕉福利视频 | 久久久黄色片 | 欧美一级二级三级视频 |