Protesters storm and vandalise Legislative Council as anarchy and violence engulf Hong Kong government centre. The government has worked hard to curb hidden liabilities, including off-budget sheet borrowing and financial guarantees, amid its deleveraging campaign to reduce excess debt and risky lending over the last two years. The seed funds for PPP projects must meet the minimum requirement set by the State Council and "tools such as government repurchase agreements and guaranteed investment returns are forbidden" to curb implicit debt. National fixed asset investment grew only 5. Lihat Semua.
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The top economic planner also said local officials must apply for government approval if there are major changes to a project, such as the construction site, its size, its standards or if costs are more than 10 per cent higher than budgeted.
Chrome Internet Explorer Firefox Safari. Investment is unlikely to post a large rebound in the near term, with the growth rate hovering around 7 per cent, compared to 5. Lihat Semua.
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The feasibility studies should not only focus on social, technology and economic fronts, as well as the environment, investment and financing, but also consider the necessity of the projectoperational efficiency and risk managementNDRC statement The new regulation came after the National Audit Office found in its latest investigation that 16 of China's 31 provincial level governments had not yet made debt contingency plans.
Liu Xuezhi, a senior analyst with the Bank of Communications, said the new rules show that the government fears that implicit debt could surge after the funding requirements for local infrastructure projects were relaxed. Investment is unlikely to post a large rebound in the near term, with the growth rate hovering around 7 per cent, compared to 5. Anda dapat menulis komentar setelah Masuk.
Komentar 0 Refresh. But warnings from analysts that the campaign could cause a sharp slowdown in investment growth caused the government to loosen rules on local infrastructure financing in June, allowing local governments to use the proceeds of bond sales as well as bank borrowing, rather than local tax revenues, to finance the start of projects.
China has taken actions to regulate a major tool for local governments to leverage support for their infrastructure construction after the latest nationwide financial audit indicated continued local violations of rules that threaten to further increase an already mountainous level of implicit debt.