BEIJING, June 27 (Xinhua) -- The balance of China's central government debt stood at 10.65 trillion yuan (1.6 trillion U.S. dollars) at the end of the first quarter, data from the Ministry of Finance (MOF) showed Monday. The figure was down by 6.7 billion yuan from that at the end...
Li Daokui, Mansfield Freeman professor of economics at Tsinghua University and former advisor at the People's Bank of China, says central government debt is the "bottom of the pyramid of financial products — it is the least risky, it is the most liquid
"Transfers to local governments accounted for about 60% of the increase in the central government deficit," S&P analysts said in a separate report last week. They don't expect local governments to fall back on off-balance sheet debt. "Even in fiscally weak regions, i...
Government and Public Finance Foreign Debt Government Debt Government Debt: Central Government: Quarterly Government Expenditure: By Other Category Government Expenditure: Education: Prefecture Level City Government Expenditure: Medical and Family Planning: Prefecture Level City Government Expenditure: Prefecture ...
Central government debt Government budget balance Get more insights Related topics Key economic indicators of China Government finances in China Financial sector in China Real estate in China Global corporate debt Key figures China's debt level Value of total non-financial debt Largest...
The central government has pledged to take on more local debt obligations, a signal that China’s planners are increasingly concerned about local debt. On March 5, during the annual Two Sessions conference, China release...
NAO submitted its audit report on June 23 to the top legislature on the implementation of last year's central budget. The current audit, which focused on the 2016 situation, reveals that since 2015, following standards to regulate channels for local government borrowing, local government bonds hav...
problem with the demand for central government bonds. The reasons are: 1) at present, there are a lot of idle funds in personal savings accounts; 2) the development of China's Contractual Savings, such as insurance and mutual funds, has increased the demand for such government debt ...
“We support China’s efforts to respond including its efforts to maintain resilience in its economy,” the World Bank said. China’s central government has taken numerous steps to protect its financial markets from disruption by the outbreak, including pumpinga net 550 billion yuan($79 bil...
The Chinese central government has also stepped up the regulation of hidden local government debt to prevent and resolve financial risks since 2017. Presently, South China's Guangdong Province is the first to eliminate hidden local government debt, while Beijing and Shanghai have launched trials to...