在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / Economy

Two sessions eyed for local govt debt solution

(Xinhua) Updated: 2014-02-26 13:16

BEIJING - The mounting debt incurred by China's local governments over the years will likely take center stage at this year's parliamentary sessions, set to begin on March 5.

"The debt issue has actually been around for years, and with the attention it gets, we are under a lot of pressure," a fiscal official from east China's Jiangsu province said in a recent interview on condition of anonymity.

Most local government officials shy away from talking about the issue in public, but they expect a move from the central government to break the current unsustainable borrowing through the country's shadow banking system.

Two sessions eyed for local govt debt solution

Two sessions eyed for local govt debt solution

The meetings of China's top legislature beginning March 5 and political advisory body on March 3 could offer change.

The issue has already gained traction over the past year, following a nationwide audit of government debt and the central government's repeated pledges to keep the risk from turning into a full-blown crisis.

China's debt problem, though different from the troubles that threatened to send the US government off a fiscal cliff or that roiled Greece into turmoil, has earned attention for its risk to the world's second-largest economy.

After various estimates put forward by agencies within and outside of China over the years, the Chinese government issued its own auditing results of local government debt at the end of last year.

This was followed by the results published by individual provinces and municipalities. These audits together confirm an emerging consensus that China's debt is generally manageable but could get out of hand if its structural problems and the lack of oversight are not addressed in a timely manner.

A first look at the size of China's local government debt by the end of June 2013 -- 10.88 billion yuan ($1.79 billion) in direct liabilities and 6.99 billion in contingent liabilities -- places China below the 60 percent debt-to-GDP ratio, an internationally accepted threshold to trigger a risk alert.

But staying below the threshold doesn't mean authorities can be complacent, as a thorough analysis of who lends and who borrows, and at what cost, shows risks are going unchecked.

"It's not the size, but the lack of supervision that has got regulators' nerves," said Hu Yijian, a professor specializing in fiscal policy at Shanghai University of Finance and Economics.

Local govt solvency tested on debts due

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 欧美精品区 | 成人片免费看 | 狠狠做深爱婷婷综合一区 | 成人高清在线观看 | 91精品久久久久久久久中文字幕 | 欧美精品一区二区三区在线播放 | 国产免费成人在线视频 | 免费观看一级黄色片 | 人人艹人人爽 | 亚洲国产精品第一区二区 | 91在线视频一区 | av天天干| 日日av拍夜夜添久久免费老牛 | 成人水多啪啪片 | 久久久久久久久久久久久久av | 日韩久久网 | 日韩色av| 在线高清av | 国产三级在线播放 | 中文字幕视频在线观看 | 亚洲美女视频在线观看 | 日本特级片 | 日韩一级片在线观看 | 性一级录像片片视频免费看 | 亚洲区国产区 | 青青草91青娱盛宴国产 | 日韩精品免费在线 | 日韩久久一区二区 | 日韩精品一区二区三区在线观看 | 美女久久 | av片免费看 | 午夜精品偷拍 | 亚洲国产一区二区三区四区 | 一级黄色影片在线观看 | 欧美性久久| 国产精品99精品久久免费 | 久久久久久久久久国产 | 香蕉大人久久国产成人av | 日日夜夜国产 | 日韩不卡一二三 | 日本久久精品视频 |