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

China says local govt debt risk controllable

Updated: 2011-08-15 18:36

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - China said on Monday the default risk of its local government debt is "controllable overall," while it urged strict checks over new debts that are potentially unsafe.

Local governments as a whole have the ability to repay their debts, but some districts and industries are financially weak and potentially risky, the Ministry of Finance said in a statement on its website.

The evaluation came after the disclosure of massive local government debts aroused concerns over the sustainability of China's impressive economic growth.

Local government debt totaled 10.72 trillion yuan ($1.66 trillion) at the end of 2010, the National Audit Office announced in June.

That amount equaled about 26.9 percent of China's gross domestic product (GDP) in 2010, Deputy Finance Minister Li Yong was quoted in Monday's People's Daily.

The ministry acknowledged some particular local governments have relatively high debt compared with their financial capabilities.

In some cases, governments rely too heavily on revenue from land sales to pay their debts, while in other areas debt pressure is exceptionally high for highway projects, colleges and hospitals, according to the ministry's statement.

Effective measures must be taken to properly handle the existing debt in risky areas, and industries and new debt must be strictly controlled, it said.

Local governments are only allowed to issue a limited amount of bonds, making financing vehicles a significant tool of fund-raising as authorities crave capital to build roads, bridges and other infrastructure projects.

The huge amount of debt was accumulated over a long period during which the default rate has been relatively low, the ministry said Monday.

It said local governments can improve their repayment abilities with increasing revenue from the country's rapid economic expansion.

The liquidation of fixed assets, land and other resources owned by local governments can also help pay back their debts, according to the ministry's statement.

Taking into account local government debt, treasury bonds and bonds issued by policy-based financial institutions, China's public sector has an overall debt-GDP ratio of around 50 percent, below the 60-percent alert line, said Deputy Finance Minister Li Yong.

He said efforts to put local governments' financing vehicles in order have made "positive effects."

The ministry on Monday pledged to divest some financing vehicles of their fund-raising businesses and commercialize others by drawing private investment.

It ordered local governments not to guarantee the debts of other institutions or enterprises, and said a debt-financing system should be developed for local governments.

主站蜘蛛池模板: 日韩av在线看 | 黄色一级片视频 | 欧美精品二区三区四区免费看视频 | 国产成人精品视频 | 91av免费 | 国产精品亚洲精品 | 色综合天天综合网天天狠天天 | 三级av网站| 日本在线视频一区 | 黄色片在线 | 99国产在线观看 | 日本免费毛片 | 一区二区久久久 | 欧美手机在线 | 国产蜜臀av | 精品久久免费视频 | 男女无遮挡xx00动态图120秒 | 四虎com | 久久中文字幕视频 | 手机在线免费av | 日韩视频免费在线观看 | 天天操天天操 | 成人羞羞国产免费游戏 | 成人扒开伸进免费观看 | 精久久久久 | 色婷婷久久综合 | 日韩视频免费看 | 亚洲小视频在线观看 | 在线观看国产小视频 | 亚洲精品1区2区 | 4438成人网| 黄色免费观看视频 | 色婷婷一区二区三区四区 | 日本一区二区三区在线视频 | 成人在线视频观看 | 国产做受视频 | 国产欧美精品一区二区三区 | 国产精品黄| 国产视频一区二区在线播放 | 免费一区 | 涩涩在线 |