A report by the Chinese Academy of......>

CHINA PRESS: A report by the Chinese Academy of Social Sciences on the Chinese

government's balance sheet shows China's total assets can fully cover its total

liabilities and still have room for flexibility, the Economic Information Daily,

a newspaper under the Xinhua News Agency, said in a front-page report Friday.

From 2010 to 2015, the ratio of Chinese government's net asset to GDP was above

80% on average, with a fluctuation range of CNY40 trillion to CNY60 trillion,

the newspaper said, citing the CASS report which was released on Thursday. Chen

Hanwen, an accounting professor at the University of International Business and

Economics, said the data show China has the capability to manage financial risks

and refute speculation that China's economy is at risk of collapse. The CASS

report, however, cautions about the risk of accumulated debt. (Economic

Information Daily)