Sentences with phrase «local government debt»

Analysts expect authorities to step up their efforts this year, focusing on local government debt, rising corporate and household debt levels and dealing with «zombie» companies.

Progress in a few areas has been solid: slashing of bureaucratic red tape has led to a surge in new private businesses; full liberalization of interest rates seems likely following the introduction of bank deposit insurance in May; Rmb 2 trillion (US$ 325 billion) of local government debt is being sensibly restructured into long - term bonds; tighter environmental regulation and more stringent resource taxes have contributed to a surprising two - year decline in China's consumption of coal.

As a perverse reward for its rapid growth and heavy infrastructure investment, China is starting to face some of the trials of mature economies: a stagnant workforce, a real estate bubble, and high local government debt levels.

China is confident of fending off systemic debt risks as it strengthens control over local government debt, Finance Minister Xiao Jie said.

China's financial risks are reflected in its high leverage, Yi said, highlighting indebted state - owned enterprises, hidden local government debt and the relatively rapid growth in household leverage.

This further distorted financial markets, increased local government debt, improved infrastructure rather than skills and delayed the growth of private domestic consumption, which everyone agrees must replace investment and exports as the driver of Chinese growth.

New York state has had the highest state and local government debt per capita since at least 2011.

The offshore holding of Malaysia local government debt also fell with the heightening FX volatility and declining FX reserves.

There are concerns about the potential for a wave of defaults in China due to high local government debt, which could impact the financial markets and potentially spread a wave of contagion across the global economy.

Such potential difficulties include overcapacity, bad loans, local government debt, a property bubble and illegal financing.

The Local Government Debt Reform Act of the State of Illinois allows the Board to issue alternate revenue bonds based on dedicated revenue sources.

The Chinese Ministry of Finance (MoF) recently rolled out another muni replacement program of legacy local government debt, as the previous muni replacement quota of RMB 1 trillion only addresses about half of the local government debt that is due to expire in 2015.

While shadow banking, local government debt, and overcapacity are all issues, there are ways the government can likely push back these crisis.