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“In line with a request of the State Council, the NAO will organise auditing agencies across the country to carry out an audit of government debt,” the national auditor said in a one-line statement on its website.
Further details including dates have not yet been made public.
The government has repeatedly warned against ignoring financial risks, especially the local government debt problem.
A 2011 audit found that China’s local governments’ debt totalled 10.7 trillion yuan ($1.73 trillion) at the end of 2010 – 80 per cent of total bank lending in China.
In early June, the NAO said that a follow-up audit found liabilities of 3.85 trillion yuan owed by 36 local governments by the end of 2012.