China's Local Government Debt Approximates $2 Trillion: HSBC
Outstanding local government debt in China is likely to have topped 12.1 trillion yuan as of the end of 2012, or 23.3% of gross domestic product, HSBC says in its First Light Asia report dated June 17, 2013.
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Port Moody, Canada
#1 Jun 18, 2013
Debt just continues to pile up in China as the dictatorship frantically tries to prop up the collapsing economy!
Soon, CCP China will be in the red in more ways than one!
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