Soaring local debt threatening China

Sunday 8th January, 2012

Soaring local debt threatening China ??

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?????Sunday 8th January, 2012??Source: Turkish Daily News ??

Villagers wait for the return of leader Zulian after his meeting with a government official as they reached a deal over land grabs in Wukan, Guangdong, Dec 21. Local governments across China have borrowed billions of dollars to build bridges, apartments and shopping malls, leaving many insolvent and endangering the country's financial system, ...

Breaking News Sunday 8th January, 2012

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Source: http://feeds.bignewsnetwork.com/?rid=202479974&cat=53023059fadd9a63

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