We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Sudden debt

28 June 2011 By John Foley

One of China’s big economic unknowns local government debt has at last been quantified. The number, $1.6 trillion, seems a little low. And while it may not be enough to destroy the banking system, it’s a glimpse of how common sense has been forgotten in the dash for growth.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)