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: 亚洲a网站| 黄大色黄女片18免费 | 日本黄色视 | 欧美成人免费在线 | 一区二区不卡 | 日本高清三区 | 婷婷六月丁 | 在线观看亚洲大片短视频 | 四虎永久免费在线观看 | 欧美性猛交xxxx黑人交 | 影音先锋中文字幕在线视频 | 中国一级特黄录像播放 | 久久视频这里只有精品 | 超碰免费观看 | 成人免费视频国产免费 | 大地网资源在线观看免费高清 | 麻豆av免费看 | 蜜桃臀av| 成人免费视频网站在线看 | 一道本视频在线 | 日韩欧美国产综合 | 亚洲色图视频在线观看 | 成人免费在线播放 | 99久久99久久精品国产片果冻 | 可以在线看的av | 国产有码视频 | 精品小视频在线观看 | 国产精品毛片视频 | 日韩视频一区二区在线观看 | 欧美三级在线免费观看 | 91精品国产综合久久久蜜臀九色 | 欧美高清性xxxxhdvideosex | 手机免费看毛片 | 亚洲综合免费 | 欧美日韩精品一区二区 | 免费观看黄一级视频 | 欧美aaa一级片 | 日韩免费a| 成人在线免费观看网址 | 三级不卡视频 | 福利视频一区二区三区 |