第七段: Many local governments appear to be preparing for a financial storm. Liuzhou has used an estimated 20bn yuan in public funds to make up a capital shortfall at Dongtong Investment and Development Group, a vehicle that was downgraded in August by Fitch, another rating agency. An LGFV ...
China's overall government debt ratio remains low compared with other major economies, and the country's local government bond debt risk is controllable, as a strong economic rebound provides support for local government financing vehicles' (LGFVs) debt repayment capability, analysts said.The ...
There is therefore a tendency for the fiscal burden to be shifted from the central government to the local governments. Resolving China's local government debt problem requires not only strengthening regulation, but also abandoning the central government's fiscal balance target, because this target ...
As local authorities take on measures to aid the property sector by providing financial support to debt-laden developers, China’s surging debt burden presents a worrisome prospect of these measures not resulting in a recovery for this problematic i...
that case the debt burden of local governments would be more than 34%. However, if these “hidden” debts are counted as local government debts, they cannot be counted a second time as corporate debt, so such disputes regarding accounting do not affect the estimation of the overall debt ...
Ever longer delays in bills being paid is creating a chain of squeezed cashflow and debt that runs from large state owned enterprises through to smaller suppliers and even employees struggling to pay their own bills. 这是一个恶性循环,而且有可能危及经济健康。付款周期越来越长,正在形成连环的现金...
China is set to pave the way for further moves to resolve local debt problems, experts said on Wednesday, adding that more efforts should be made to alleviate debt burdens of local governments and optimize the structure of fiscal spending and debt. Their comments came after the Central Financial...
downtown市中心,在市中心的地 downturn经济低迷,下降衰退 property房地产,所有权,财产 apartment公寓+tower公寓塔楼 the bulk of大部分 bulk主题,大部分v变大变重要 corporate公司的法人的,全体的共同的 cooperate v合作 bond债款,纽带v结合 bond market债券市场 ...
Decentralization, Supervision, and Chinese Local Government Debt Decentralization can alter the incentive structure of local governments and one outcome of this is debt accumulation. Based on the 鈥淧rovince鈥怣anaging鈥怌ounty鈥pilot policy, a fiscal decentralization reform devolving fiscal power fro.....
s rapid debt accumulation over the past decade is now showing its teeth and is increasingly unmanageable, particularly in some localities where credit growth has already slowed sharply. Beijing can manage the Evergrande problem, but it will struggle to tackle China’s broader debt burden. We see...