Research On The Rist And Prevention Of Local Debt In China

China’s local government debt problems have long-standing,domestic and foreign scholars,experts and research institutions and other units carried out some in-depth research on China’s debt problems,the local debt problem especially in recent years has received special attention from the central government and local government.Since the reform and opening up,China’s economy has achieved rapid development,the country like a raging fire local construction,leapfrog development in the implementation of infrastructure construction,public facilities construction and urbanization construction,the construction need a lot of money,our local government has no right to issue bonds,and China’s local government bonds by the Ministry of Finance on behalf of(later self bonds),local financing platform companies debt borrowing method.Local government debt is not only for the local economic development,China’s infrastructure construction,improve people’s livelihood and is in response to the Asian financial crisis and the subprime crisis made distinctions won in battle.However,due to the imperfections in the financial system,economic system,supervision system and administrative system,provides the soil for the existence of the debt at the same time,China’s local government debt scale and growth have changed greatly,as the debt crisis has laid a mine,causing the central government’s attention.Our country according to the law on local government debt in the two audit,released at the end of December 3013 data surprise: the total size of local government debt is close to 18 trillion,compared with the previous audit results by the end of2010 is increased by 67%.After the audit of local debt is no longer the inventory,but by the local government to report,by the end of 2014,a total of three local debt of local governments in China to reach 24 trillion,within a year and a half and an increase of more than 6 trillion of the debt,the scale of growth once again stunned,directly bear the responsibility to repay the debt of up to 15 trillion and 400 billion.In2015 with the order on local government debt replacement of the new "budget law" and the implementation of the Ministry of finance,the size of local debt risk has been effectively controlled,but also to a certain extent eased,but the risk has not disappeared.The debt rate of more than 100% of the city level more than and 100,level more than and 400,the overall debt rate is 89%,the individual provinces and some large number of cities and counties debt will threaten China’s economic and social security,the debt problem must be solved effectively.This paper from the related concept of local debt and the theory based on the concept,and in detail in the first chapter;chapter second summarizes the status of local government debt,analyzes several local debt risk;the third chapter analyzes the causes of China’s local government debt risk generated,including financial system,economic system,the financial system and administrative system;the fourth chapter introduces the experience and methods of some foreign local government debt,local debt risk in order to give enlightenment to our country;the fifth chapter in the earlier chapters based on the analysis,put forward measures for prevention of local government debt risk in China in the van,to avoid the debt crisis.