Is China's local government debt controllable and systemic risk? Yu Qiao said that for the scale of local government debt, Tsinghua University's School of Public Administration had estimated about 19.5 trillion yuan at the end of last year. Later, the National Audit Office issued local debts of about 20 trillion.
On June 30, following 2012 and 2013, China Economic Weekly and the Financial Transparency Research Group of the Center for Public Economics, Finance and Governance of Tsinghua University jointly released the 2014 China Municipal Government Financial Transparency Research Report.
The scope of the report has expanded from the initial 81 cities to 289 cities today, with significant improvements in coverage and impact. Yu Qiao, a professor at the School of Public Administration of Tsinghua University and the head of the research group, told us that the scope of research next year will be further expanded to 655 in county-level cities.
Yu Qiao said that the report will show that only 14 cities have published lower levels of government-related debt. Yu Qiao said that the “four accounts†(public finance, government funds, state-owned capital management and social security funds) will be further publicized in the future. The ratio in the total score.
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Professor Yu Qiao of Tsinghua University: Some western local governments are over-indebted
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