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Li Keqiang allays fears of China debt crisis; to fight corruption

Last Updated: Thursday, March 13, 2014, 12:32

Citing an official audit of government debts last year, Li said the country's debt-to-GDP ratio is still below the internationally recognised warning limit.

China seeks more info from banks amid concerns over debt

Last Updated: Thursday, January 09, 2014, 20:55

China's major banks have been asked to publish data on 12 key indicators, including off- balancesheet assets, to enhance their transparency amid concerns over looming debt crisis due to heavy borrowings by the provincial governments.

China $3 trillion local government debt stirs alarm

Last Updated: Tuesday, December 31, 2013, 11:11

The National Audit Office, China's state auditor, said in a report local governments had total outstanding debt of 17.9 trillion yuan at the end of June, a sum that includes contingent liabilities and debt guarantees.

China says local government debt soars

Last Updated: Monday, December 30, 2013, 17:51

China on Monday announced the results of a long-awaited debt audit, revealing that liabilities carried by local governments ballooned to 17.9 trillion yuan (USD 2.95 trillion) as of the end of June.

China's foreign debt at $771.95 bn at June-end

Last Updated: Monday, September 30, 2013, 20:06

China currently has about USD 3.30 trillion foreign exchange reserves.

China orders nationwide government debt audit

Last Updated: Sunday, July 28, 2013, 15:27

The audit office, responsible for overseeing state finances, made the announcement in a one-sentence item on its website, but gave no details on the audit.

China’s local govt debt out of control: says Auditor

Last Updated: Wednesday, April 17, 2013, 19:57

"We audited some local government bond issues and found them very dangerous, so we pulled out," Zhang Ke of accounting firm, ShineWing, told Financial Times

China’s corporate debt ratio at dangerous levels: Experts

Last Updated: Tuesday, August 07, 2012, 17:14

Cautioning China’s corporate debt ratio has reached "dangerous" levels, experts have warned against any stimulus measures to boost domestic demand to compensate for falling exports, saying it could put a heavy strain on corporate firms.

China's external debt crosses $751 bn

Last Updated: Wednesday, June 27, 2012, 12:40

The rising debt is adding to concerns whether it may undermine China's fiscal position and cause economic harm, a report in the state run China Daily said on Wednesday.

China's foreign debts total $751 bn

Last Updated: Tuesday, June 26, 2012, 16:31

Medium and long-term foreign debts totalled USD 193.56 billion, while short-term debts stood at USD 557.7 billion, according to the State Administration of Foreign Exchange.

China’s debt mounts to $2.78 trn, 43% of GDP

Last Updated: Tuesday, March 06, 2012, 23:32

It is composed of 10.7 trillion yuan (USD 1.7 trillion) of local government debt and 6.8 trillion yuan of central government debt, Yang told a press conference on the sidelines of China's annual parliamentary session.

China to take steps to rein in $1.7 trillion local govt debt

Last Updated: Friday, March 02, 2012, 11:46

Concerned over the USD 1.7 trillion debt of local governments, China said it will take steps to guard against possible defaults which could cause extensive damage to the financial stability of the country's banks.