Local govt debt poses threat to China’s economy in 2012

11 January 2012 | No Comments » | bluezero

Loans to local governments through financing vehicles will be a major threat to China’s economy, with up to 2.5 trillion yuan ($396 billion) in debt falling due in 2012, even though the authorities are easing liquidity, analysts said.

He Zhicheng, chief economist at the Agricultural Bank of Chi…

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