Sep 11, 2012 01:41 PM

Local Gov't Debt Manageable, NDRC Official Says

(Beijing) – Credit risks associated with local government debt are still at a manageable level, an official at the National Development and Reform Commission (NDRC) says.

"The ratio of local and central government debt to GDP is roughly 50 percent, which is lower than other European countries and the United States," said Xu Lin, the NDRC's director of finance.

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