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
JA Solar Welcomes Samsung C&T Delegation to Seek for Deepening Ties
/PRNewswire/ -- JA Solar recently welcomed a delegation from Samsung C&T Corporation -Engineering & Construction Group (hereinafter "Samsung C&T") to its...
Source: prnewswire.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
Samsung C&T, PIF to build modular homes in Saudi Arabia
Korean construction company Samsung C&T is set to build modular homes in Saudi Arabia in a joint investment with the kingdom’s wealth fund PIF. These residential units will either come up in the Saudi futuristic city Neom or in Riyadh, said a report.
Source: tradearabia.com