Bridge Engineering Construction Group News Today

Beijing faces a fine-balancing act as local-government borrowings reach critical levels.

For years, Chinas municipalities relied on off-balance-sheet entities to fund infrastructure and support local economy.  As a consequence, local government financing vehicles debt has risen to $8.3 trillion, or 48 percent of China’s GDP

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero