Article Image
News Link • China

China's latest worry: a local-debt mess

• Reuters
But investors are focusing on a darker side of China's relentless investment: vast sums borrowed by local governments and plowed, skeptics fear, into white elephant projects that will never pay for themselves. A financial reckoning is not a question of if, but when, they say.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: