Public net assets
Print Edition
TOTAL net assets of China’s public sector, including government departments and state-owned enterprises, stood at 113.8 trillion yuan (US$17.2 trillion) by the end of 2014, according to research published yesterday. From 2010 to 2014, the growth pace of the public sector’s net assets averaged 8.6 percent, according to the finance research institute under the People’s Bank of China, the central bank.
It added that the government’s net assets were substantial. The research also showed that the debt risk of the public sector is under control, with debt growth dropping from 26.6 percent in 2011 to 13.2 percent in 2014.
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