男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Make me your Homepage
left corner left corner
China Daily Website

Govt debt audit to examine risks for sound economy

Updated: 2013-07-30 11:19
( Xinhua)

"Local financing is a systematic problem caused by the GDP-oriented mindset of officials, poor fund management and other factors," according to Sun Lijian, deputy head of the School of Economics at Fudan University in Shanghai.

Meanwhile, Detroit's recent move to file bankruptcy sounded the alarm for China, according to some experts.

"In fact, local government debt in China has not yet caused a large-scale negative impact, but this does not mean no risks exist," said Sun.

"In fact, there are Chinese cities who have development similar to Detroit. Though they will not go bankrupt, they face the pains of development and transformation," added Sun.

Sun suggested that the key to the issue lies in preventing acts of random investment by local governments and empowering them with "hematogenic ability" through the development of competitive industries.

An Guojun, an associate researcher with the Chinese Academy of Social Sciences, said efforts should also be made to develop local government bonds and establish risk assessment and early warning systems for local government debt.

Meanwhile, the government debt problem has also raised concerns for the country's urbanization process.

Hu Dongsheng, an official with China Development Bank, said in April that China faces a fund gap of about 11.7 trillion yuan for construction related to urbanization in the next three years.

The enormous investment needed for urbanization has called for the introduction of more private and foreign capital, and the central and local governments should lower the threshold in this respect, said Hong Hao, a researcher at Central University of Finance and Economics in Beijing.

Private funds have become a major funding source for urbanization for townships in some regions, especially for projects such as drainage and sewage treatment, said a township head in Hubei Province.

The news of government debt audit has sparked concerns about rising debt levels. On Monday, the benchmark Shanghai Composite Index decreased 1.72 percent, or 34.54 points, while the Shenzhen Component Index lost 2.23 percent, or 174.83 points.

"The market needs overall and precise official data about local government debts. Otherwise, opaque information is unfavorable to stabilize market expectations," said Pan Xiangdong, chief economist with Galaxy Securities.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 盖州市| 望谟县| 襄城县| 平顺县| 陇西县| 延津县| 建宁县| 东方市| 塘沽区| 鄂温| 葵青区| 鸡泽县| 西乌珠穆沁旗| 宁化县| 绥化市| 阿鲁科尔沁旗| 泾阳县| 古丈县| 绥芬河市| 宁蒗| 阿巴嘎旗| 余干县| 张家界市| 永和县| 玉田县| 通州市| 三原县| 开原市| 盱眙县| 夹江县| 吉首市| 建昌县| 韶山市| 德阳市| 余姚市| 健康| 同仁县| 鄢陵县| 比如县| 琼海市| 合肥市|