1,1
无论这些不良贷款是什么原因造成的，他最终是要有我们纳税人来承担的。
上次金融危机后，国家搞了很多刺激计划，投资，兴建大型项目，发展高铁。。。除了搞的表面繁荣，增加官员的政绩，试问普通老百姓的生活水平是否有实质的增长。CPI，房价越来越高。幸福感指数有多少？
这么多不良贷款，老百姓自己承担，可老百姓是否从中得到实惠了？最终是喂肥了谁？

16-16
地方ZF债务不是很了解，我所接触的一般都是企业贷款，而地方ZF一般直接把基础设施建设、城镇开发等等的费用转嫁到了居民身上，主要以土地换开发政策之类的，不过很久没回去了，不知道现在的状况怎样。

24,24
想偷点懒了

24，24
端午节快乐，要吃粽子！

Follow Me:22, 22

1
第一次读，好多不懂啊，查单词查了好多，句子还是有很多不大理解，好在28楼翻译了一下，大概看懂了；今天先看了下这个，以前的帖子还是要慢慢看完，跟上步伐！
1、Much of the Chinese government’s stimulus effort from 2008 to 2010 was left to financial institutions, which proved better at shoving money out of the door than America’s federal government.

shove  推，挤，猛推

2、

China’s government will consolidate thousands of investment vehicles and hive off(脱离编制，分出) some of their debts into separate companies open to private investors. It will force the banks to write off another slice of the bad debt, and repay a chunk of （一大块）it from its own budget.

3、write off 勾销，取消

    real-estate ventures房地产企业  ventures合资企业，投机者，商业冒险；v.敢尝试，冒险一试

    opacity不透明；不传导

consolidate
vt. 巩固，使固定；联合，vi. 巩固，加强

collateral 担保品，抵押品，adj.并行的，附属的；

还要多多

努力啊！

23  20

Not at home these days, so I will try my best to keep on reading "follow me" if conditions permit.

18/18
i find there are many  pinggu  friends whose english is very good .i should learn from them.

this article posts a real question . a policy may have two aspects .when it change the bad economic station it  may also creats debt. but benefits and debts are all belonged to gorvenments , i am intrested in ZF how to make up the debts.

3,3
I think the last sentence is a good conclusion of this report. Although the problem of china's public finance is becoming serious, it still under control. Those bad loans will just make the authorities suffer a short time which is as long as the time used to control the critics. So it may make the balance sheet of the local government looks not as well as it before, it definitely won't lead them to break down. And the system is totally different with some western countries. It dose need to raise our attention, however, in my opinion, it won't cause massive crisis.

23 23！！！

23,23
i think this article is definitely worth reciting~and China's local debt is absolutely worthy of reflection and improvement.If the Chinese economic bubble burst, then it may be due to excessive local debt
im so sorry i'm late today,cause dinner with my friends i have drunk too much ,and until now im still a  little dizzy...
Happy Dragon Boat Festival !

follow:5,5  Today's article isn't different,and I'm intresting in the topic of the China's debt.中国持有美国的国债1.3万亿，持有越久，风险越大，中国何以应对风险扩大？首先，要消除中国的通胀问题，最好的方法就是增强普通社会大众的购买力，而非简单压制物价。并且增加人民收入可以扩大内需，一方面可消化中国经济的产能，另一方面可减少资源和劳动产品外流。若我们真的能够大幅减少本国资源和劳动产品的外流，美国就支付更多的钱购买劳动密集型商品，所以扩大内需也是有帮助于将通胀传导回美国。其次，加速推进人民币国际化，也有助于解决通胀。人民币国际化有利于降低金融风险，维护我国金融安全，有利于削弱美元霸权，争夺国际话语权，帮助中国更多的企业走出去和国际化等。   唉！用手机打这么多字累死我勒～手机网速好慢，老是网络繁忙，若是重复发帖，真不是我故意的，也是我不想看见的。

24,24

4 trillion economic stimulus plan is expected to avoid the recession or hard landing,but it also causes a few bubbles. If housing price is going down,the land leasing revenues our government can generate is decreasing, the huge debt interest would raise a greater crisis.

22 and 22
everyone is try his best to do the reading~~
it is great!
the debt of government of China is still a big problem which cannot be resolved lightly.
but it should be public and worked out.

go on~~
maybe these is still one chance to get a chance to do me a faver~~thank you。。
I have time in the last day of dragon boat festival.
may everyone happy~~

maybe it is ture.but usually at a nuusual time whatever our gov do can not consider all.what our gov should do now is  reslove the problem facing us now,for instance,the real estate price etc.

maybe it is ture.but usually at a unusual time whatever our gov do can not consider all.what our gov should do now is  reslove the problem facing us now,for instance,the real estate price etc.

6,6
I need to work hard and catch up with all of you.

22,22

With the rapid development of real estate market,the land income has playing an important role on local fiscal revenue.However,the government issues a series of policy to regulate the real estate market from last year to now.,then land income will be reduced,the local, local financial pressures are increasing.According to the current condition,the local government will be under intense strain to repay the local debts in the long run.

20110603 Follow Me 24
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Chinese public debt
Coming clean
China faces up to the hidden debts of its local governments




BANKS in Western countries dragged their economies into the great recession. Banks in China pulled the country out of it. Much of the Chinese government’s stimulus effort from 2008 to 2010 was left to financial institutions, which proved better at shoving money out of the door than America’s federal government.

The banks lent to thousands of investment corporations set up by local governments, which cannot borrow in their own name. With the help of some initial capital and collateral, like land, these investment vehicles directed the lending into local bridges, tunnels and real-estate ventures. But many of the loans have turned bad, threatening the balance-sheets of the banks that made them.

Now the central government has at last resolved to clean up the mess, according to unnamed officials cited by Reuters this week. China’s government will consolidate thousands of investment vehicles and hive off some of their debts into separate companies open to private investors. It will force the banks to write off another slice of the bad debt, and repay a chunk of it from its own budget. Much of the stimulus lending of 2008-10 may turn out to be public spending after all.


The government has never revealed how much debt the local-government vehicles took on. Despite this opacity, or perhaps because of it, these hidden liabilities have become one of the four big worries haunting China-watchers, along with the property bubble, inflation and lightly regulated trust companies. Victor Shih of Northwestern University has described the debts as a “big rock-candy mountain”. In June 2010, he projected it might reach as high as 24 trillion yuan ($3.7 trillion) by the end of 2012, or over half of China’s GDP.

But the central government itself now reckons the debts amount to 10 trillion yuan, according to an official cited by Reuters—a quarter of GDP. That is bigger than America’s state and local-government debt (18%) but the same as India’s (25%).