久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 精品久久一区 | 国产精品亚洲一区在线播放 | 国产精品亚洲第一区柳州莫青 | 国产精品亚洲精品不卡 | 日韩一级性生活片 | 在线观看中文字幕一区 | 精品国产综合成人亚洲区 | a毛片全部播放免费视频完整18 | 欧美性色黄大片一级毛片视频 | 欧美人成人亚洲专区中文字幕 | 亚洲国产最新在线一区二区 | 日日碰日日操 | 亚洲欧美日韩国产一区二区精品 | 国产精选莉莉私人影院 | 国产99视频精品草莓免视看 | 丰满老熟女毛片 | 国产1区2区三区不卡 | 一级毛片免费在线观看网站 | 欧美一级久久久久久久大 | 成人免费久久精品国产片久久影院 | 国产在视频线精品视频二代 | 中文字幕乱 | 怡红院在线观看 | 亚洲天堂在线视频播放 | 日本精品在线观看 | 在线观看亚洲人成网站 | 久久网免费 | 在线看毛片网站 | 成年人免费网站视频 | 久久九九免费 | 欧美日韩精品一区二区三区视频 | 97国产在线观看 | 在线国产二区 | freesex寂寞老妇hd | 精品国产一区二区三区久久影院 | 欧美日韩一区二区三区视频 | 国产精品久久久久国产精品三级 | 亚洲国产精| 韩国免费特一级毛片 | 久久久精品免费热线观看 | 亚洲一区二区三区高清 |