How can China contain its $8.3 trillion fiscal crisis?
Beijing faces a fine-balancing act as local-government borrowings reach critical levels.
Source: livemint.com
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Can China contain its $8.3 billion fiscal crisis?
For years, China's 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
Source: moneycontrol.com
Protests Break Out As Chinese Cities Drown Under $10 Trillion In Debt, Fail To Make Payments
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com