Biz
China orders local governments to ensure repayment
2010-Jun-14 10:31:23
China ordered local governments to ensure repayment of debts by their financing units and concentrate on completing projects already under way.
Financing units that fund only public projects and rely on fiscal income to repay debt should stop spending, the State Council said in a statement on its website on June 13.
Fiscal stimulus started by the central government in 2008 led to a surge in spending by local authorities. Their total borrowing, mostly via financing vehicles, now amounts to roughly $900 billion, $150 billion more than a year earlier and equivalent to almost 20 percent of gross domestic product, Fan Gang, former adviser to the People's Bank of China wrote on June 2 in China Daily.
Local financing vehicles have "played an active role in infrastructure construction and in tackling the international financial crisis," the State Council statement said. "Yet, it led to an expanding scale of debts and irregularities."
Financial institutions should stop lending to local- government financing units without "stable" cash flows and should meet government's capital requirements, it said.
[Jump to ]
Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
m.chinadaily.com.cn
To subscribe to China Daily, call 010-64918763 or email to circu@chinadaily.com.cn
主站蜘蛛池模板：
最近中文字幕免费视频
|
亚洲精品高清国产一线久久97
|
在线免费一级片
|
国产区91
|
欧美一区二区在线观看免费网站
|
亚洲精品一区二区三区四
|
欧美在线a
|
亚洲视频在线网
|
国产一区二区三区精品视频
|
日韩中文字幕在线观看视频
|
欧美激情视频一级视频一级毛片
|
亚洲天堂在线观看视频
|
99视频精品全部 在线
|
国产精品18久久久久网站
|
欧美日韩精品免费一区二区三区
|
怡红院在线视频全部观看
|
日本www色视频成人免费网站
|
日本高清不卡在线观看
|
免费黄色一级网站
|
日韩精品免费一区二区
|
亚洲精品国产国语
|
毛片免费高清免费
|
韩国免费特一级毛片
|
国产高清美女一级a毛片久久w
|
国产在线精品香蕉综合网一区
|
毛片手机在线
|
日本www免费视频网站在线观看
|
久久99国产精品亚洲
|
国产亚洲精品xxx
|
国产特黄1级毛片
|
视频精品一区二区
|
日韩欧美精品在线观看
|
在线观看日本永久免费视频
|
久久久黄色大片
|
午夜精品久久久久久99热7777
|
久久黄色免费网站
|
国产精品视频免费
|
国产一二区
|
久夜色精品国产一区二区三区
|
97视频免费播放观看在线视频
|
国产精品特黄毛片
|