国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Inland govts' debt 'more risky'

By Zheng Yangpeng (China Daily) Updated: 2014-03-26 08:31

Inland govts' debt 'more risky'

Workers working at a government-supported affordable housing project in Gu'an, Hebei province. An audit found that at the end of June last year, local government debt stood at 17.89 trillion yuan ($2.9 trillion). Wang Xiao / Xinhua

The risk associated with the debt of some inland local governments is significantly higher than for their coastal counterparts, the chairman of Beijing-based Dagong Global Credit Rating Co Ltd said on Tuesday.

"With a much smaller fiscal revenue base, the risks of some inland local governments' debts are significantly higher than for coastal provinces," Dagong Chairman Guan Jianzhong said.

Dagong is a major domestic ratings firm that has provided credit ratings to many of China's local government

Inland govts' debt 'more risky'

Inland govts' debt 'more risky'

financial vehicles.

Although Chinese officials have often said that the overall risk associated with the nation's local government debt is "controllable", audit results point to major risks in some specific areas.

A survey conducted by the National Audit Office found that, as of June 30, 2013, local government debt and contingent liabilities had surged to about 17.89 trillion yuan ($2.9 trillion), a 67 percent rise from the previous estimate of 10.7 trillion yuan at the end of 2010.

At the end of January, provincial-level governments across the country released independent audit results, which offered a clue to how government debts are distributed geographically.

An analysis of these reports indicates stark divergences among these governments. Comparing total debt to comprehensive fiscal revenue, Beijing topped the list at 99.86 percent.

Next came three provincial-level governments in the southwest - Chongqing, Guizhou and Yunnan - all with ratios in excess of 80 percent.

Coastal provinces, such as Jiangsu and Guangdong, had the most debt in absolute terms, but their debt-revenue ratios were moderate. For example, Jiangsu province owed 1.48 trillion yuan - the most of any provincial-level government - but that only accounted for 60.34 percent of its fiscal revenue.

Inland govts' debt 'more risky'
Top 10 cities with best air quality in China

Inland govts' debt 'more risky'
China's top 10 richest cities

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
泸定县| 榆树市| 肇源县| 无为县| 嵊州市| 定襄县| 墨脱县| 黔江区| 莱芜市| 邵东县| 集贤县| 互助| 平安县| 南乐县| 武川县| 聂拉木县| 海口市| 江源县| 麟游县| 于都县| 黄大仙区| 班玛县| 西华县| 黄骅市| 永兴县| 武邑县| 海南省| 娱乐| 三明市| 称多县| 东乌珠穆沁旗| 江阴市| 清镇市| 山阴县| 临沭县| 普格县| 元朗区| 灵丘县| 繁昌县| 临朐县| 汶川县|