Showing posts with label China’s gross domestic product. Show all posts
Showing posts with label China’s gross domestic product. Show all posts

Monday, April 8, 2013

China Local Debt May Top Estimates, Former Minister Says

China’s local governments may have more than 20 trillion yuan ($3.2 trillion) of debt, former Finance Minister Xiang Huaicheng said, almost double the figure given in a 2011 report by the National Audit Office.