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

chinadaily.com.cn
left corner left corner
China Daily Website

Local govts' spending sprees create concern

Updated: 2012-08-07 21:52
( Xinhua)

BEIJING - A new wave of massive spending plans rolled out in recent months by local governments to boost the flagging economy has sparked concerns over wasteful investments and potential local government debt risks.

Changsha, capital city of Central China's Hunan province, unveiled its ambitious investment plan late last month, which features a total investment of 829.2 billion yuan ($130.9 billion) in 195 projects ranging from constructing an airport and exhibition halls to renovating run-down towns.

Before Changsha rolled out its plans, Nanjing, capital of East China's Jiangsu province, set out favorable policies designed to spur its economy, including stepping up investment efforts.

These plans came as China's central government has shifted its focus to steadying growth amid the slowing economy, which dipped to a three-year low of 7.6 percent in the second quarter, and put the public on alert for possible consequences.

"Exhibition centers that have been built in some cities are seldom used," netizen "Robbin-Morgan" commented on the news portal Sina. "They will be a waste."

"yneszhdgd" also voiced his concerns on the blog, writing, "Inadequate government funds could hardly cover so many projects. The massive investment plan means the beginning of half-done projects."

Others have warned of industrial overcapacity as investment projects in different regions may overlap.

According to He Zhicheng, an economist with the Agricultural Bank of China, 21 of the 24 major industrial sectors have faced serious over-production problems.

"Steel is now even cheaper than cabbage," he said.

Meanwhile, access to funding has been another major problem.

Local governments have seen revenues from land sales tumble due to government policies to curb the sector, and banks, one of the major financing sources for local governments, remain laden with bad loans leftover from previous stimulus plans, making credit ever harder to obtain.

Statistics from the National Audit Office showed that local government debts had amounted to 10.7 trillion yuan by the end of 2010, exceeding that year's fiscal revenue.

Given the scale of investment plans, the pile-up of local government debts was inevitable.

Zhou Lianjun, deputy head of the financing office of the Changsha municipal government, said the city's financial support will be provided by both banks and local governments, and there is "no need to overreact to debt worries."

Liu Shangxi, deputy chief of the Research Institute for Fiscal Science under the Ministry of Finance, said the investment and debt scales were not something to be dreaded, and the key lies in the transparency that would allow the public to supervise and contain the debt within a controllable range.

"The public has the right to know the sources and destinations of funding in order to prevent corruption," he said.

 
...
...
...
主站蜘蛛池模板: 日日爽爽 | 亚洲免费视频观看 | 国产美女一区二区三区 | 黄色片成人 | 欧美日韩一区二区在线观看 | 哥布林的洞窟在线观看 | 亚洲综合国产精品 | 天天综合亚洲 | 青青综合网 | 在线观看精品一区 | 黄色a级片在线观看 | 欧美中文字幕在线 | 正在播放一区二区 | 欧美视频免费看 | 97av视频在线| 久久九九视频 | 色男人天堂 | 国产视频一区在线播放 | 在线看h| 免费av福利 | 亚洲最大网站 | 91动漫免费网站 | 韩国黄色一级大片 | 日韩视频在线一区二区 | 成年人黄色小视频 | 欧美精品日韩少妇 | 好看的中文字幕 | 欧美xxx在线 | 久久久青草 | www国产91| 国产成人精品综合 | 日本成人一区二区 | 国产精品爽爽爽 | 成人久久久久久久 | 97精品国产97久久久久久免费 | 欧美日韩免费 | 成人观看 | 黄色的网站在线观看 | 大乳av| 日韩综合在线 | 亚洲日本视频在线观看 |