中国地方政府债务风险可控性分析

Analysis on Controllability of Local Government Debt Risk

国际三大评级机构之一惠誉于2013年4月9日宣布下调中国主权信用评级,主要理由是中国金融风险增高和地方债务问题。中国地方政府债务风险是否具有可控性,能否像欧债危机一样引发经济危机。笔者进行了深入的分析。

Fitch Ratings,one of three international rating institutions,declared the China＇s sovereign rating level is degraded on April 9,2013,as China＇s financial risk and local government debt risk were increasing.The paper studies whether the local government debt risk is controllable,and whether it causes economic crisis.