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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Top Stories

Room seen for added govt debt

By Xin Zhiming | China Daily | Updated: 2016-05-27 07:36

China said on Thursday that its overall government debt level remains controllable and there is still room for further increasing debt.

The Ministry of Finance said that by the end of 2015, the central government debts "subject to budgetary management" totaled 10.66 trillion yuan ($1.63 trillion), while such debts of local governments were 16 trillion yuan. Combined, they account for 39.4 percent of China's GDP, it said.

China's overall government debt ratio was about 41.5 per-cent in 2015, lower than the warning line of the EU, which is 60 percent, the ministry said. The ratio was also lower than that of major market economies and emerging-market countries, such as Japan and Brazil.

The local government debt risks are also manageable, the ministry said in a statement. Last year, the local government debt ratio was 89.2 percent, lower than the generally accepted warning line of the international community, it said.

Unlike in some countries that have encountered debt crisis, China's local government debts are backed by high-quality assets, so their repayment is not considered to be a big problem. The repayment will also be supported by China's expected medium to high economic growth, the statement said.

"On the whole, China still has some room for increasing its government debts," the ministry said. The government can continue to increase leverage at an appropriate time to help enter-prises to lower their leverage level, the statement said-meaning that the scale of treasury and local government debt issuance can be expanded moderately.

"It will keep the overall debt contraction from having an adverse impact on the economy," it said.

International rating agency Moody's said in a research note on Monday that the fiscal and economic conditions of China's local governments could improve this year fol-lowing the increasing tax revenues and land transfer incomes of local governments in the first quarter.

xinzhiming@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
青川县| 潞城市| 崇阳县| 景宁| 闻喜县| 太和县| 海兴县| 浑源县| 巴里| 万全县| 罗定市| 临猗县| 麻阳| 遂溪县| 京山县| 绩溪县| 綦江县| 津市市| 枞阳县| 乐都县| 梁平县| 扎兰屯市| 宁城县| 南投县| 普安县| 宾阳县| 五河县| 余干县| 丹阳市| 青河县| 田阳县| 东丰县| 合作市| 兴山县| 汝南县| 台北市| 武隆县| 合水县| 桓台县| 江口县| 阆中市|