local government debts
地方政府债务
地方政府债
And more than 70 percent of local government debts are in the form of investment which promise strong returns. 地方政府债务 是基础设施融资的关键来源,而本次打压地方政府债务的行为将对中国的GDP增长造成撞击效应。The crackdown on local government debt , a key source of infrastructure financing, will have a knock-on effect on Chinese GDP growth. 其次,我们进一步利用行业层面的数据,检验地方政府债务 对那些需要更多外部资金的行业是否具有特别的破坏性。 Second, we use industry-level data to test whether local government debt is particularly damaging for industries that need more external funding. 中国监管薄弱的影子银行业中的违约风险--以及地方政府债务 的迅速增长--是切实存在的,而且与房地产相关。 The default risks in the weakly regulated shadow banking sector- and the rapid rise in local government debt - are real, and property-related. 地方政府债务 失控式的增长,被广泛视为是中国经济和金融体系蕴含的一个巨大风险。Runaway growth of local government debt is widely seen as a huge risk for China's economy and financial system.
中央政府的债务不到GDP的20%,地方政府债务 中70%以上是投资性的、有回报的。 The central government debt is below 20 percent of GDP, and over 70 percent of local government debts take the form of investment with returns. 过去几年,地方政府债务 规模迅速增长,超过了中国主权债务的规模。 The size of local government debt has grown rapidly over the past years, exceeding the stock of sovereign debt in China. 如果再包含所有的地方政府债务 ,这个比率就会保持在60%的水平之下。 If it took on all local-government liabilities , that ratio would remain below 60%. 其次,我们进一步利用行业层面的数据,检验地方政府债务 对那些需要更多外部资金的行业是否具有特别的破坏性。 Using industry-level data, we investigate whether local government debt is particularly damaging for industries that need more external funding. 据统计,中国政府债务占GDP的比例不到20%,地方政府债务 中70%以上属于有回报的投资性债务。 The central government debt is below 20 percent of GDP, and over 70 percent of local government debts take the form of investment with returns. 地方政府债务 带来的财政金融风险已经成为当前经济运行中最主要的风险之一。Fiscal and financial risks caused by local government debt have become one of the most important risks in the current economic operation. The office said in the report that risks from local government debt are still controllable. 除了失去理智的联邦、州以及地方政府债务 以外,我们的信用卡、汽车、学生贷款以及抵押贷款等债务也高达万亿。 Aside from insane federal, state, and local government debt , we owe trillions more in credit card, auto, student loan, and mortgage loans. 中国审计署2013年的一份报告称,中国政府债务(包括地方政府债务 )相当于GDP的55%(约5万亿美元),较2010年时增加了约60%。 According to a 2013 report from China's National Audit Office(“NAO”), Chinese government debt, including local government debt , is around 55% of GDP(around US$5 trillion). 国家审计署6月27日说,地方政府债务 总额为人民币10.7万亿元(合1.65万亿美元),大约相当于中国2010年国内生产总值(GDP)的27%。 The National Audit Office said on June 27 that local-government debt totaled 10.7 trillion yuan($1.65 trillion), or about 27% of China's 2010 gross domestic product. 上一次全国审计署的审计发现截至2010年末,地方政府债务 达到10.7万亿元,分析家预计这一次将出现显著的跃升。 The last NAO audit found 10.7 trillion of local government debt as of the end of 2010, and analysts expect a significant jump this time around. Local Government Debt Increasing.Local Government Debt and Regional Competition.Local government debt is classifiedly managed.Its government debt is also high.
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