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A new study in the United States is suggesting state governments are carrying both total and future liabilities in the range of between 1 to 4 trillion US dollars. The Harvard Institute of Government report suggets the debt at the state level is a re
世界各地新闻集锦
China's State Council has approved the trial of an expanded bond selling program which includes two more local governments. Ministry of Finance says local governments in Shandong and Jiangsu will now be allowed to sell bonds directly. CRI's Xie Zhao
世界各地新闻集锦
Lou Jiwei made the remarks Friday in Washington in the wake of the recent downgrading of China's outlook by two U.S. credit rating agencies. He says the outlook fails to reflect the real picture of the Chinese economy. We have just published the data
英语新闻
BEIJING, Aug. 7 (Xinhua) -- A new wave of massive spending plans rolled out in recent months by local governments to boost the flagging economy has sparked concerns over wasteful investments and potential local government debt risks. Changsha, capita
英语新闻
China's National Audit Office has released a new report on how budgets across China last year were managed. The report is suggesting the overall risk in China's local government debt remains controllable. To find and solve problems, the National Audi
2017CRI中国国际广播电台
BEIJING, March 1 (Xinhua) -- China will boost the clean-up of thousands of millions of local government's debt in 2012, so to guard against possible defaults that would hurt its banks, the country's banking regulator said Thursday. The country will f
英语新闻