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Asia Sentinel
China's Startling Local Debt Problem

China's Startling Local Debt Problem

Our Correspondent
Apr 24, 2012
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Asia Sentinel
Asia Sentinel
China's Startling Local Debt Problem
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China’s local governments went on a massive development binge starting in 2008 that has put them 10.78 trillion yuan (US$1.69 trillion) in debt, equivalent to 27 percent of the country’s entire GDP, according to a study of Chinese local government debt by the Seoul-based Samsung Economic Research Institute.

Although it isn’t news that China’s local gover…

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