{"id":6053,"date":"2023-03-12T17:31:05","date_gmt":"2023-03-13T00:31:05","guid":{"rendered":"https:\/\/weno.duckdns.org\/?p=6053"},"modified":"2023-03-12T17:31:05","modified_gmt":"2023-03-13T00:31:05","slug":"chinas-debt-laden-local-governments-pose-challenges-to-economic-growth-financial-system-%e4%b8%ad%e5%9b%bd%e8%b4%9f%e5%80%ba%e7%b4%af%e7%b4%af%e7%9a%84%e5%9c%b0%e6%96%b9%e6%94%bf%e5%ba%9c%e5%af%b9","status":"publish","type":"post","link":"https:\/\/weno.duckdns.org\/?p=6053","title":{"rendered":"China&#8217;s debt-laden local governments pose challenges to economic growth, financial system \u4e2d\u56fd\u8d1f\u503a\u7d2f\u7d2f\u7684\u5730\u65b9\u653f\u5e9c\u5bf9\u7ecf\u6d4e\u589e\u957f\u3001\u91d1\u878d\u4f53\u7cfb\u63d0\u51fa\u4e86\u6311\u6218"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.reuters.com\/world\/china\/debt-laden-local-governments-pose-fresh-challenges-chinas-growth-financial-2023-03-10\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.reuters.com\/world\/china\/debt-laden-local-governments-pose-fresh-challenges-chinas-growth-financial-2023-03-10\/<\/a><\/p>\n\n\n\n<p>As debt obligations mount, some local governments are pushing banks to extend maturities and cut interest rates, sources said. Local Government Financing Vehicles (LGFVs) have 5.5 trillion yuan ($790 billion) worth of onshore bonds coming due this year, the highest since 2021, according to Fitch.<\/p>\n\n\n\n<p>A sharp drop in income from mainstay land sales and fewer options for raising fresh funds have fuelled concerns about LGFVs&#8217; ability to meet debt obligations and its impact on the broader banking sector and markets.<\/p>\n\n\n\n<p>\u6d88\u606f\u4eba\u58eb\u8868\u793a,\u968f\u7740\u503a\u52a1\u8d1f\u62c5\u7684\u589e\u52a0,\u90e8\u5206\u5730\u65b9\u81ea\u6cbb\u56e2\u4f53\u6b63\u5728\u6566\u4fc3\u94f6\u884c\u5ef6\u957f\u5230\u671f\u65e5\u548c\u4e0b\u8c03\u5229\u7387\u3002 \u636e\u60e0\u8a89\u79f0\uff0c\u5730\u65b9\u653f\u5e9c\u878d\u8d44\u5de5\u5177\uff08LGFV\uff09\u4eca\u5e74\u5230\u671f\u67095.5\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\uff08\u54087900\u4ebf\u7f8e\u5143\uff09\u7684\u9646\u4e0a\u503a\u5238\uff0c\u521b\u4e0b2021\u5e74\u4ee5\u6765\u6700\u9ad8\u6c34\u5e73\u3002<\/p>\n\n\n\n<p>\u4e3b\u8981\u571f\u5730\u9500\u552e\u6536\u5165\u9510\u51cf\uff0c\u7b79\u96c6\u65b0\u8d44\u91d1\u7684\u9009\u62e9\u51cf\u5c11\uff0c\u4f7f\u4eba\u4eec\u66f4\u52a0\u62c5\u5fc3\u571f\u5730\u57fa\u91d1\u662f\u5426\u6709\u80fd\u529b\u507f\u8fd8\u503a\u52a1\uff0c\u4ee5\u53ca\u5b83\u5bf9\u6574\u4e2a\u94f6\u884c\u4e1a\u548c\u5e02\u573a\u7684\u5f71\u54cd\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/graphics.reuters.com\/CHINA-PARLIAMENT\/LOCALGOVERNMENT\/lgvdkozdapo\/chart.png?w=640&#038;ssl=1\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Reuters Graphics<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/www.reuters.com\/world\/china\/debt-laden-local-governments-pose-fresh-challenges-chinas-growth-financial-2023-03-10\/ As debt obligations mount, some local governments are pushing banks to extend maturities and cut interest rates, sources said. Local Government Financing Vehicles (LGFVs) have 5.5 trillion yuan ($790 billion) worth of onshore bonds coming due this year, the highest since 2021, according to Fitch. A sharp drop in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":6054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[102,252,100],"tags":[170,214,425,469],"class_list":["post-6053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china-economy","category-fake-country","category--belt-and-road","tag-brainwashed_chinese","tag-china_economic_bubble","tag-collapsing_china_economy","tag-debt_country"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/weno.duckdns.org\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-13-at-09.28.20.jpg?fit=800%2C606&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts\/6053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6053"}],"version-history":[{"count":0,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts\/6053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/media\/6054"}],"wp:attachment":[{"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}