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CHINA PRESS: Local governments in China are reluctant to disclose their fiscal

situations, and especially their debt conditions, a report by a research center

of the Tsinghua University School of Public Policy and Management said, the

China Economic Weekly reported. The research rated the average score on

transparency of local government debt disclosure at 20 out of a possible 100,

reflecting "poor disclosure," the report said. Yu Qiao, leader of the research

group, told the magazine that the central government's threat to hold officials

accountable makes local governments "very sensitive" toward disclosing their

debt details. Outside of debt, disclosure of fiscal conditions in 295 cities the

center monitored produced an average score of 49.33 out of 100 this year, higher

than the 44.62 last year. (China Economic Weekly)