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: 亚洲日本视频 | 中文字幕在线观看日韩 | 免费一级特黄 | 国产视频第一区 | 一区二区三区在线视频播放 | 天堂av免费在线 | 欧美久久影院 | 久久国产精品亚洲 | 特黄视频 | a级网站在线观看 | 中文字幕av一区二区三区 | 二区三区四区视频 | 欧美在线播放视频 | 国产女人呻吟高潮抽搐声 | 欧美 日韩 国产 一区二区三区 | 国产精品成人自拍 | 久久神马影院 | av中文在线 | 天堂av中文在线 | av女人的天堂 | 亚洲日本不卡 | 国产精品成人一区二区 | 欧美亚一区二区三区 | 国产在线视频第一页 | 视屏一区 | 国产一区二区在线观看视频 | 毛片毛片毛片 | 亚洲精品高清在线 | 丝袜超碰| 亚洲国产精品久久久 | 亚洲精品日韩丝袜精品 | 亚洲性图第一页 | 日韩久久精品 | 毛片大全免费看 | 一区二区三区中文字幕在线观看 | 成人小视频在线观看 | 在线观看日韩一区 | 一道本在线视频 | 久久激情网站 | 国产区第一页 | 懂色av蜜臂av粉嫩av |