日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Make me your Homepage
left corner left corner
China Daily Website

Debt crisis unlikely in short term: Think tank

Updated: 2013-08-17 08:28
By Zheng Yangpeng ( China Daily)

But report urges more reform of financing system

China's government debt situation is unlikely to become critical in the short term, a top think tank said, as it urged quicker reform of the public finance system to strengthen the fiscal position of local governments.

The Development Research Center of the State Council, a think tank under the cabinet, said the net value of China's government liabilities as of the end of 2010 stood at 11.3 trillion yuan ($1.85 trillion).

The asset-liability ratio of the public sector was at the "middle" level by international standards, and the possibility of a short-term debt crisis was low, the report said.

But it noted that as China's economic growth moderated, fiscal revenue growth would also slow significantly. The gap between revenues and expenditures would widen and the asset-liability ratio would rise.

The report said that using conservative calculations, government debt as a proportion of GDP would reach 26 percent by 2020. Under a high-risk scenario, the figure would be 30 percent, still within the margin of safety.

As concern over local governments' debt has increased, the State Council last month ordered the National Audit Office to conduct a new survey of all government debt.

In 2011, the NAO carried out an audit across the country and concluded that local government debt stood at 10.7 trillion yuan at the end of 2010.

There's been no official nationwide survey since, but local debt is believed to have surged in the intervening years, following a government spending boom.

A June sampling survey by the NAO found that as of the end of 2012, nine provincial capitals' debt-asset ratios had exceeded 100 percent. The highest debt ratio was 188.9 percent. The NAO didn't identify the cities.

Yu Yongding, a former member of the Monetary Policy Committee of the People's Bank of China, said at a recent conference that China's debt risk was still "controllable", given the country's high household savings level and massive State assets, which he estimated to be 100 trillion yuan.

But he said that local government debt was an issue that policymakers must be "highly alert" to because the government actually "had no idea" how much debt there was.

"Why am I so concerned about the debt issue? Because based on my experience of dealing with local governments, I am skeptical whether they are willing and are able to repay the debts," Yu said.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 久久精品国产一区 | 亚洲碰碰 | 99精品国产一区二区青青牛奶 | 高清视频在线观看 免费 | 中文字幕在线播放 | 国产高清网址 | 久久成人一区二区 | 国产欧美日韩一区二区三区四区 | 高清一区二区三区 | 在线亚洲一区二区 | 久青草影视 | 999国产视频 | 亚洲 欧美 另类 综合 偷拍 | 亚洲综合激情另类小说区 | 日韩有码在线观看 | 97精品国产高清久久久久蜜芽 | 色综合 成人 | 欧美精品在线观看 | 亚洲午夜在线 | 在线观看成人 | jyzzjyzzjyzz日本在线观看 | 日韩中文字幕在线视频 | 亚洲一区二区三区深夜天堂 | 日韩欧美在线免费观看 | 色噜噜狠狠先锋影音久久 | av片在线播放 | 污网站观看 | h视频在线免费 | 亚洲午夜精品A片久久不卡蜜桃 | 久久精品国产免费观看99 | 日韩美女中文字幕 | 国产精品视频在线播放 | 日本午夜视频 | 欧美亚洲在线视频 | 毛片一区二区三区四区 | 97福利社 | 亚洲 综合 欧美 动漫 丝袜图 | 亚洲123 | 欧美精品免费线视频观看视频 | 国产又黄又免费aaaa视频 | 亚洲欧美国产日本 |