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foreign currency issuer default rating to A -

's local currency issuer default rating. According to reports,boutique louboutin homme, Fitch's Asia-Pacific rating business leader Gao Hudson said that the Mainland's local government debt levels are still many uncertain factors,hollister frankfurt job, local government debt if transferred to the central government's balance sheet,louboutin louboutin, Fitch may cut China's local currency issuer default rating. He said that China's economic growth is increasingly dependent on debt accumulation should be vigilant. Currently,simple pump louboutin, Fitch on China's local currency issuer default rating to AA -,stock louboutin, rating outlook negative. And because China huge foreign exchange reserves, foreign currency issuer default rating to A -,sandale louboutin, rating outlook is stable. High-Hudson, said Fitch this year might Chinese local currency issuer default rating downgrade a file to the A +,christian louboutin marseille, depends on the specific local government debt issues progress,louboutin sneakers femme pas cher, as well as in local government debt, how many need central to secure or complete relief in the form of pay, he believes other two sessions held in March,vente privee louboutin, the government in solving problems in this area will have more news. Local government debt risk financing platform Mainland regulators in recent years has been the focus of attention. According to reports,chaussure pas cher louboutin, China Banking Regulatory Commission Chairman Shang Fulin said earlier that by the end of 2012 the industry to local government financing platform loans of up to 9.2 trillion yuan (about 1.4 trillion U.S. dollars), accounting for 13.8% of the banking sector loans. Fitch estimates that the next two years the mainland overall government debt to GDP ratio will range between 45-50%. Some provinces,hollister daunenjacke, the proportion of debt and fiscal revenue up 136%,buy louboutin shoes, these provinces are relatively high financial risks. Fitch also expects China's economic growth of 8% this year,hollister pulli, slowing to 7.5 percent next year,chaussure femme louboutin solde, the sustainability of economic growth has become the focus point. Inland revenue last year fell 15 percent compared with the year before, I believe in business tax and personal income tax reform will have on revenue this year to bring greater pressure on revenue growth is expected this year from 10 to 14%,hollister tops for girls, it is difficult to maintain in the past more than 20% growth. Further inland economy from investment to consumption,louboutin hommes pas cher, the government needs in Medicare and increased spending on education,louboutin escarpin noir, will face greater pressure on government spending. Fitch expects the Chinese local government bonds may from last year's 250 billion yuan to 300 billion yuan,hollister damen, but still can not solve the funding gap, need the support of the central government.
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