9 years ago
Tuesday, July 5, 2011
Chinese Local Debt Might Be $540B More Than Estimated: Moody's
Chinese Local Debt Might Be $540B More Than Estimated: Moody's: "China's local government debt burden may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, putting banks on the hook for deeper losses that could threaten their credit ratings, Moody's said on Tuesday."
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