<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          Local gov't debts differ from those in other countries

          Updated: 2011-08-29 14:41

          (Xinhua)

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

          BEIJING - A government official said on Monday that debts incurred by local governments are different from those found in the debt-laden United States and the European Union (EU), adding that the likelihood that local governments will default on their debts is low.

          Xu Lin, director of the Monetary and Financial Department of the National Development and Reform Commission (NDRC), the country's top economic planning agency, made the remarks in a statement posted on the commission's website.

          Xu said China has learned a valuable lesson from the current debt crises in the United States and the EU, adding that it is imperative to adopt new measures that will help local governments manage their debt and guard against risks.

          He said China's local government debts, particularly those raised through local government financing vehicles (LGFVs), are largely used to build infrastructure, which indirectly generate revenue and boost local economies.

          Xu noted that China has strong solvency, given the rapid growth of its economy and fiscal revenues. In addition, the amount of realizable assets held by local governments is "quite large," he said.

          According to the National Bureau of Statistics, China's gross domestic product (GDP) rose 9.6 percent year-on-year to reach 20.446 trillion yuan ($3.2 trillion) in the first half of this year. The country's national fiscal revenue jumped 30.5 percent from a year earlier to 6.67 trillion yuan in the first seven months of this year.

          Local government debts totaled 10.72 trillion yuan as of the end of 2010, or roughly 26.9 percent of the country's GDP, according to data released by the National Audit Office in June. If debts owed by the central government are included, the total debt is still less than 50 percent of China's GDP.

          Xu said that governments and supervisory departments at multiple levels have introduced risk-reducing measures against local government debts since the second half of 2009.

          "It would be very unlikely for our local governments to default on their debts," he said, adding that local governments' investments and debts must be kept within a reasonable scope to avoid systematic debt risks.

          China's banks have been ordered by the China Banking Regulatory Commission to stop providing loans to local governments for unapproved projects and to tighten credit management in order to prevent debt increases.

          Concerning the weak subscription of bonds sold by LGFVs, also known as quasi-municipal bonds, Xu said that rising yields for such bonds show that investors are more experienced in handling risks.

          "It is unnecessary to panic or even go short on those bonds based on unreasonable judgments," Xu said, citing normal repayment of capital and interest on such bonds, as well as strict and transparent requirements for bond issuance.

          Chinese cities usually use capital raised through selling quasi-municipal bonds to fund infrastructure construction.

          Xu said the increased difficulty in selling corporate bonds via the LGFVs is the result of monetary policy changes and investors' worries about local government debt risks.

          He said that investors' worries have reminded the NDRC to pay more attention to the potential risks of such bonds and to take measures to protect bond investors' interests.

          主站蜘蛛池模板: 亚洲精品一区二区三区片| 91精品国产免费人成网站| 中文字幕无线码免费人妻| 亚洲另类欧美综合久久图片区| 国产台湾黄色av一区二区| 久久青草国产精品一区| 日韩av裸体在线播放| 无码人妻丰满熟妇区毛片18| 少妇高潮水多太爽了动态图| 奇米影视7777久久精品| 99久久精品国产亚洲精品| 一本一道中文字幕无码东京热| 日韩精品中文字幕第二页| 精品无码一区二区三区的天堂 | 自拍第一区视频在线观看| 免费看的一级毛片| 香蕉亚洲欧洲在线一区| 国产综合久久亚洲综合| 国产伦子沙发午休系列资源曝光| 一区二区亚洲人妻精品| 一本一本久久a久久精品综合| 久久精品久久电影免费理论片 | 国产成人综合亚洲欧美日韩| av网站免费线看精品| 狠狠躁夜夜躁人人爽天天bl| 国产午夜亚洲精品不卡下载| 久久99精品久久久久久齐齐百度| 一区二区三区国产不卡| 91精品国产综合久蜜臀| 亚洲日本精品一区二区| 好姑娘完整版在线观看| 国产成人亚洲精品在线看| 99re6在线视频精品免费下载| 国产一区二区午夜福利久久| 国产无码高清视频不卡| 国产强奷在线播放免费| 亚洲熟妇自偷自拍另欧美| 国产女人18毛片水真多1| 久久人人97超碰爱香蕉| 五月婷婷中文字幕| 天堂mv在线mv免费mv香蕉 |