<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

          Money

          Lenders, officials urged to keep tight leash on local debt units

          (China Daily)
          Updated: 2010-06-15 09:08
          Large Medium Small

          BEIJING - Chinese officials and banks must clean up their financing of local government-backed investment units under rules unveiled on Sunday, even as a top government think-tank expert said the overall situation is "far from dangerous".

          Lenders, officials urged to keep tight leash on local debt units

          Workers at a construction site in Shanghai. [PROVIDED TO CHINA DAILY ]

          The State Council, or the cabinet, issued a directive warning that some of these quasi-independent financing vehicles, often used by local governments to fund infrastructure projects, were dangerously loaded with debt built up using implicit assurances to banks from local officials.

          It marked the country's latest effort to tackle the mounting debt worries of local governments, which analysts have warned could become financial time bombs.

          Chinese provinces, cities and towns have used the investment subsidiaries to circumvent restrictions on their own borrowing, and many of these units borrowed heavily in 2009 to fund an infrastructure-spending spree.

          Experts have come to various estimates of the local government debt, ranging from 6 trillion yuan ($878.5 billion) to as much as 11 trillion yuan. The country's GDP totaled about 33 trillion yuan in 2009.

          "There is no definite conclusion as to the real amount of the local debt," said Jia Kang, director of the Institute of Fiscal Science Research at the Ministry of Finance. But the ratio of China's overall public debt to its GDP, calculated based on the median level of existing estimates of surging local government debt, is about 50 percent even if the country's all types of hidden debt is taken into account, he told China Daily on Monday.

          It is lower than the warning line set by the European Union, he said.

          In the latest directive, the State Council said these investment platforms "have experienced some problems that demand urgent attention."

          Related readings:
          Lenders, officials urged to keep tight leash on local debt units Banks' risk in local govt finances under control
          Lenders, officials urged to keep tight leash on local debt units China banks say local debt risk 'controllable'
          Lenders, officials urged to keep tight leash on local debt units Banks running out of lending quota
          Lenders, officials urged to keep tight leash on local debt units Banks lend less in May as stimulus winds down

          "The main ones are that the scale of debt-driven financing of these investment vehicle companies has inflated rapidly, their operation is not sufficiently regulated; local governments have violated regulations and provided implicit (loan) guarantees and the risks from debt obligations have been constantly growing," said the directive.

          It also said some banks have shown "weak grasp of risks" and failed to police loans to these local investment units properly.

          Some economists have called the debt of local government a growing risk to Chinese public finances, with questions raised about the future returns on many of the projects launched as part of the stimulus program to counter the financial crisis.

          The State Council directive ordered banks to "strictly regulate credit management" for the investment vehicles, and it told local officials to avoid using government revenues, State-owned assets and other "direct or indirect" collateral for loans to these companies.

          Reuters-China Daily

          主站蜘蛛池模板: 中文字幕99国产精品| 夜夜偷天天爽夜夜爱| 嫩草伊人久久精品少妇av| 亚洲香蕉伊综合在人在线| 亚洲国产日韩伦中文字幕| 男女啪啪激烈无遮挡动态图| 日本边添边摸边做边爱喷水| 亚洲熟妇AV乱码在线观看| 国产精品日韩中文字幕熟女| 成av人电影在线观看| 亚洲国产精品成人av网| 色吊丝一区二区中文字幕| 亚洲av片在线免费观看| 日本高清色WWW在线安全| 特级无码毛片免费视频尤物| 久草热在线视频免费播放| 伊人天天久大香线蕉av色| 久久免费观看归女高潮特黄| 在线观看热码亚洲av每日更新| 少妇av一区二区三区无码| 亚洲女同精品中文字幕| 暖暖 免费 高清 日本 在线观看5 色老头亚洲成人免费影院 | 免费观看又色又爽又黄的韩国| 国产精品小粉嫩在线观看| 在线天堂中文新版www| 欧美成年黄网站色视频| 五月丁香六月综合缴清无码| 97久久久亚洲综合久久| 国产精品亚洲а∨无码播放| 欧美成人h亚洲综合在线观看 | 无码人妻h动漫| 国产精品亚洲а∨天堂2021 | 国产在线拍偷自揄观看视频网站| 精品国产成人国产在线视| 精品久久久久国产免费| 中文字幕日韩一区二区不卡| www国产亚洲精品久久网站| 国产激情视频在线观看首页 | 最新亚洲人成网站在线观看| 欧美成人aaa片一区国产精品| 精品无码国产日韩制服丝袜|