in the Central Bank Deputy Governor Liu Shiyu's view

State Council recently issued "on deepening economic reform in 2014 the key task opinions" put forward, this year will be on local government debt quota control, classification into the budget management. Kai Mingqu, blocking the passage, the establishment of government bonds as the main body of local government debt financing mechanism, stripping the financing Platform Co financing of government functions. Experts say, although the local government debt in recent years increasing, but the current is not the existence of systemic risk, but if blind borrowing, but by whether also the debt cheap jerseys us still continues, it will lead to huge debt and financial risk. Therefore, at this stage, standardize the management of local debt is particularly important.

[whether] through the existence of local

data shows, from late 2007 to the end of 2010, the local debt from 5 yuan rose to 10.7 yuan, doubled. From late 2010 to 2013, the balance of local debt is growing again in about 80% to 17.89 yuan. The central bank recently released report, the local government financing platform loan is gradually entering the peak period of debt repayment, about 37.5% of the loans due in 2013 to 2015. With the expiration tidal approximation, at whatever level of local government, concentrated repayment risk is imminent.

in fact, blind borrowing, borrow whether also the phenomenon still exists in the local area. Behind the local debt crisis is to maintain the growth rate of unplanned borrowing, and a myriad of infrastructure and real estate projects. cheap football ncaa jerseys With the China economic deceleration, to resolve the debt becomes more and more difficult.

"as the platform for financing due to focus, faster growth in the next two years the scale of debt maturity, increase local fiscal revenue to substantially improve, then the local government and financing platform will face greater debt service pressure." Senior economic researcher Chinese bank Huang Shaoming said, at present the majority of local government debt all hopes are pinned cheapjerseys.us on the land, once the real estate market decline or steering, the debt to be lost.

in the Central Bank Deputy Governor Liu Shiyu's view, the moral risk of local debt brings more alarming. He said, at present the governor appointed background, many officials in order to meet the needs of his term of office of the achievements, all achievement projects and image project, even through the blind cheap national team soccer jerseys GDP expansion, to seize the social resources and economic growth potential, making a lot of corruption, the responsibility and risk of debt repayment left to the successor.

[

] a whole does not have the system risk

although the local debt risk is more and more big, but in Gao Peiyong Dean Chinese Academy of Social Sciences Financial Strategy Research Institute, now the local debt scale how, with economic development potential and current Chinese China government financial strength, resolve not big problem.

Morgan chase Chinese securities market department director general manager Li Jing also said, the local debt risk to the economy will not cause great China, scale is the controllable cheap club soccer jerseys range. 17.>