August 17, 1992 (, Ren Shen on July 19), the clean-up debt default has basically ended. In 17,

1992 clean up debt default of the State Council Leading Group Office of cleaning up debt default work made significant progress. It is reported that, as of the end of July, in addition to a small part does not meet the loan conditions and the project of the national industrial policy, national infrastructure and technological transformation building the arrears before the end of 1991 has been basically cleared, a year earlier than originally planned. Two years to the country injected a total of 51 billion yuan of funds to clean up the debt default. Taken from fixed assets arrears source start to clean up the scientific method, and to unlock chain of more than 2000 billion of corporate debt, to get good results in debts arrears spend one yuan of funds. This progress for large and medium-sized enterprises to ease the burden of the debt chain, which has created favorable conditions for the national economy and reasonable growth. However, there are still some provinces and cities with the project funding gap, resulting in new arrears; Some companies do not see the market needs of blind production, resulting in the product backlog. The State Council called on all localities, departments new projects, funds can not stay gap to prevent new owe, and reiterated that the country will no longer be organized to clean up the arrears after 1992.