China’s Outstanding Local Government Debt: $1.7 Trillion

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Sovereign Man’s Tim Staermose shares a staggering stat about China’s local government debt: It’s interesting to note that China’s National Audit Office (NAO) recently published a report which says the country’s outstanding local government debt is now equivalent to $1.7 TRILLION. That’s a huge figure — about 27% of China’s GDP in 2010. Because the […]

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