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There has been much chatter about bank loans to local governments’ financ
There has been much chatter about bank loans to local governments’ financ
游客
2023-11-26
39
管理
问题
There has been much chatter about bank loans to local
governments’ financing vehicles, widely regarded as one of
the main risks face the Chinese economy. Set up by local 【S1】______
governments to borrow money for infrastructure investments,
and these vehicles are rather like Western companies’ special 【S2】______
purpose vehicles. They have played an important role in
stimulating the Chinese economy and helping it to recover from
the global financial crisis. But they face a problem, either: The 【S3】______
bank loans they have received have increased extraordinary. 【S4】______
Local governments at levels have set up their investment 【S5】______
companies, some of which are directly controlled by the
leaders responsible for fundraising for their pet projects. These
companies take a variety of forms dependable on the industries 【S6】______
and sectors they belong to.
There are thousands of such companies across the
country, in which sometimes are even irregular. Some of 【S7】______
them, particularly those operating at the county-level, will not
be able to service their debts.
It is thus reasonable to be alarmed. But it is still too
late to say that the level of non-performing bank loans will 【S8】______
increase drastically even we cannot estimate the precise 【S9】______
number and amount of loans given to local governments until
the formal assessment is completed at the end of this year.
To general the special vehicles’ business model we have 【S10】______
to go back in history. [br] 【S5】
选项
答案
∧ all
解析
at levels语焉不详,无法表示“各级政府都已经成立投资公司”,增加all,即at all levels,明确表示“各级政府”。
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