Call for more borrowing transparency
By Wang Yanlin |
June 30, 2013, Sunday
|
Print Edition
Print Edition
WHILE it's necessary for governments to borrow to accelerate China's urbanization and sustain economic growth, the process should be more controlled and transparent, a participant at the Lujiazui Forum said yesterday.
"Faster urbanization is top of the agenda of the government," said Ba Shusong, deputy director-general of the Development Research Center under the State Council, China's Cabinet.
"It's unreasonable to forbid a government from borrowing money for urbanization.
"But the current system is not transparent enough, which can lead to government debts and put the economy at risk," Ba added.
Ba said government at all levels should produce balance sheets and make these public.
"Faster urbanization is top of the agenda of the government," said Ba Shusong, deputy director-general of the Development Research Center under the State Council, China's Cabinet.
"It's unreasonable to forbid a government from borrowing money for urbanization.
"But the current system is not transparent enough, which can lead to government debts and put the economy at risk," Ba added.
Ba said government at all levels should produce balance sheets and make these public.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
