-
Alarm bells ring over China's debt problem
There's no denying it: China's got a debt problem. The world's second-largest economy is struggling to contain growing local government debt, the result of easy credit and round after round of stimulus. Nobody knows the exact scale of the problem, but economists surveyed by CNNMoney estimate debt levels reached 14.1 trillion yuan to 19.7 trillion yuan by the end of last year, or roughly one-third of the country's gross domestic product. Those estimates put local debt at nearly double what it was three years ago, when China last conducted a nationwide debt audit. By the end of 2010, Beijing reported 10.72 trillion ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Oct 18, 2013 5:49pm Oct 18, 2013 5:49pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #2
- Quote
- Oct 18, 2013 6:03pm Oct 18, 2013 6:03pm
- kaspopsicle
- | Membership Revoked | Joined Mar 2010 | 4 Comments
All systems of divination, like music itself,work through patterns.
- Comment #3
- Quote
- Oct 18, 2013 6:07pm Oct 18, 2013 6:07pm
- Pooks
- | Joined Sep 2008 | Status: Member | 55 Comments
- Comment #4
- Quote
- Oct 18, 2013 7:11pm Oct 18, 2013 7:11pm
- realjumper
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 536 Comments
Doing what you like is Freedom. Liking what you do is Happiness.
- Comment #5
- Quote
- Oct 18, 2013 7:22pm Oct 18, 2013 7:22pm
- pohchuan
- | Joined Jan 2013 | Status: Member | 74 Comments
- Comment #6
- Quote
- Oct 18, 2013 7:30pm Oct 18, 2013 7:30pm
- Spec_And
- | Joined Oct 2013 | Status: Member | 186 Comments
"Where you want to be is always in control, never wishing, always trading.
- Comment #7
- Quote
- Oct 18, 2013 7:39pm Oct 18, 2013 7:39pm
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #8
- Quote
- Oct 18, 2013 7:46pm Oct 18, 2013 7:46pm
- realjumper
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 536 Comments
Doing what you like is Freedom. Liking what you do is Happiness.
- Comment #9
- Quote
- Oct 19, 2013 2:12am Oct 19, 2013 2:12am
- Ferenc
- | Joined Nov 2012 | Status: Member | 1 Comment
- Comment #10
- Quote
- Oct 19, 2013 2:58am Oct 19, 2013 2:58am
- Jumper1979
- | Joined May 2013 | Status: Member | 69 Comments
- Comment #11
- Quote
- Oct 19, 2013 10:07pm Oct 19, 2013 10:07pm
- Aussi
- Joined Sep 2013 | Status: Member | 4051 Comments
KEEP THIS THREAD CLEAN