国内英语资讯:Overall risk of Chinas local government debt controllable: national audit office
<p><span word="BEIJING">BEIJING</span>, <span word="June">June</span> 27-- <span word="Chinese">Chinese</span> <span word="government">government</span> <span word="has">has</span> <span word="always">always</span> <span word="attached">attached</span> <span word="great">great</span> <span word="importance">importance</span> <span word="to">to</span> <span word="the">the</span> <span word="management">management</span> <span word="of">of</span> <span word="government">government</span> <span word="debt">debt</span>, <span word="and">and</span> <span word="has">has</span> <span word="established">established</span> <span word="a">a</span> <span word="standardized">standardized</span> <span word="borrowing">borrowing</span> <span word="and">and</span> <span word="financing">financing</span> <span word="system">system</span> <span word="for">for</span> <span word="local">local</span> <span word="governments">governments</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="senior">senior</span> <span word="official">official</span> <span word="with">with</span> <span word="the">the</span> <span word="National">National</span> <span word="Audit">Audit</span> <span word="Office">Office</span> (<span word="NAO">NAO</span>).</p><p><span word="Mechanisms">Mechanisms</span> <span word="such">such</span> <span word="as">as</span> <span word="quota">quota</span> <span word="management">management</span>, <span word="budget">budget</span> <span word="management">management</span>, <span word="risk">risk</span> <span word="disposal">disposal</span> <span word="and">and</span> <span word="regular">regular</span> <span word="supervision">supervision</span> <span word="are">are</span> <span word="being">being</span> <span word="improved">improved</span>, <span word="and">and</span> <span word="the">the</span> <span word="momentum">momentum</span> <span word="of">of</span> <span word="government">government</span> <span word="debt">debt</span> <span word="growth">growth</span> <span word="has">has</span> <span word="been">been</span> <span word="effectively">effectively</span> <span word="reined">reined</span> <span word="in">in</span>, <span word="the">the</span> <span word="official">official</span> <span word="pointed">pointed</span> <span word="out">out</span>.</p><p><span word="Audit">Audit</span> <span word="in">in</span> <span word="recent">recent</span> <span word="years">years</span> <span word="shows">shows</span> <span word="that">that</span> <span word="overall">overall</span> <span word="risk">risk</span> <span word="of">of</span> <span word="China">China</span>'<span word="s">s</span> <span word="government">government</span> <span word="debt">debt</span> <span word="is">is</span> <span word="under">under</span> <span word="control">control</span>, <span word="and">and</span> <span word="the">the</span> <span word="good">good</span> <span word="momentum">momentum</span> <span word="of">of</span> <span word="steady">steady</span> <span word="economic">economic</span> <span word="growth">growth</span> <span word="is">is</span> <span word="maintained">maintained</span>.</p><p><span word="The">The</span> <span word="current">current</span> <span word="audit">audit</span> <span word="which">which</span> <span word="focused">focused</span> <span word="on">on</span> <span word="the">the</span> 2016 <span word="situation">situation</span> <span word="reveals">reveals</span> <span word="that">that</span>, <span word="since">since</span> 2017, <span word="following">following</span> <span word="the">the</span> <span word="standards">standards</span> <span word="set">set</span> <span word="in">in</span> <span word="an">an</span> <span word="effort">effort</span> <span word="to">to</span> <span word="regulating">regulating</span> <span word="channels">channels</span> <span word="for">for</span> <span word="local">local</span> <span word="government">government</span> <span word="borrowing">borrowing</span>, <span word="local">local</span> <span word="government">government</span> <span word="bonds">bonds</span> <span word="have">have</span> <span word="become">become</span> <span word="the">the</span> <span word="major">major</span> <span word="channel">channel</span> <span word="of">of</span> <span word="local">local</span> <span word="borrowings">borrowings</span>, <span word="and">and</span> <span word="the">the</span> <span word="management">management</span> <span word="of">of</span> <span word="borrowing">borrowing</span>, <span word="lending">lending</span> <span word="and">and</span> <span word="repayment">repayment</span> <span word="has">has</span> <span word="been">been</span> <span word="increasingly">increasingly</span> <span word="standardized">standardized</span>, <span word="with">with</span> <span word="its">its</span> <span word="structure">structure</span> <span word="continuously">continuously</span> <span word="being">being</span> <span word="optimized">optimized</span>.</p><p><span word="To">To</span> <span word="find">find</span> <span word="and">and</span> <span word="solve">solve</span> <span word="problems">problems</span>, <span word="the">the</span> <span word="NAO">NAO</span> <span word="selected">selected</span> <span word="and">and</span> <span word="audited">audited</span> <span word="cities">cities</span> <span word="and">and</span> <span word="counties">counties</span> <span word="in">in</span> 16 <span word="provinces">provinces</span> <span word="where">where</span> <span word="government">government</span> <span word="debts">debts</span> <span word="increased">increased</span> <span word="considerably">considerably</span>.</p><p><span word="Although">Although</span> <span word="there">there</span> <span word="was">was</span> <span word="an">an</span> 87 <span word="percent">percent</span> <span word="growth">growth</span> <span word="in">in</span> <span word="debt">debt</span> <span word="balance">balance</span> <span word="that">that</span> <span word="the">the</span> <span word="local">local</span> <span word="governments">governments</span> <span word="have">have</span> <span word="committed">committed</span> <span word="to">to</span> <span word="repay">repay</span> <span word="with">with</span> <span word="public">public</span> <span word="funds">funds</span>, <span word="and">and</span> <span word="some">some</span> <span word="counties">counties</span> <span word="and">and</span> <span word="the">the</span> <span word="western">western</span> <span word="region">region</span> <span word="with">with</span> <span word="comparatively">comparatively</span> <span word="smaller">smaller</span> <span word="debt">debt</span> <span word="balances">balances</span> <span word="in">in</span> <span word="previous">previous</span> <span word="years">years</span> <span word="saw">saw</span> <span word="their">their</span> <span word="debt">debt</span> <span word="balances">balances</span> <span word="more">more</span> <span word="than">than</span> <span word="doubled">doubled</span>, <span word="the">the</span> <span word="average">average</span> <span word="government">government</span> <span word="debt">debt</span> <span word="ratio">ratio</span> (<span word="the">the</span> <span word="debt">debt</span> <span word="balance">balance</span> <span word="to">to</span> <span word="be">be</span> <span word="repaid">repaid</span> <span word="with">with</span> <span word="public">public</span> <span word="funds">funds</span> <span word="by">by</span> <span word="government">government</span> <span word="divided">divided</span> <span word="by">by</span> <span word="the">the</span> <span word="comprehensive">comprehensive</span> <span word="financial">financial</span> <span word="resources">resources</span> <span word="of">of</span> <span word="the">the</span> <span word="same">same</span> <span word="government">government</span>) <span word="in">in</span> <span word="these">these</span> <span word="regions">regions</span> <span word="reached">reached</span> 70 <span word="percent">percent</span>.</p>
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