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Debt rescue responsibiities lof local governments in China 2013, by origin of loan

Possible debt rescue responsibilities of local governments in China as of June 30, 2013, by origin of loan

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Source

Release date

December 2013

Region

China

Survey time period

June 30, 2013

Supplementary notes

* According to the report, the Chinese term BT or 'baitiao,' which translates to IOU or debt obligation, was used to describe debt obligations to non-bank institutions.

The title of the report has been translated from Chinese.

According to the source, the audit was conducted by about 54,400 auditors in August and September, 2013. The central government, as well as 31 provinces, 5 directly governed cities, 391 cities, 2,778 towns and 33,091 villages were audited.

Note: 1 yuan equals approximately 0.16 U.S. dollars and 0.12 euros (as of February 2014).

Figures have been rounded to provide better understanding of the statistic.

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