Reflections on 2013; What's Important, What's Not? What's Ahead?
MishTalk
JANUARY 3, 2014
Trillion Yuan in Audit The Washington Post notes "Local debt now equals about 33 percent of China’s gross domestic product, up from about 10 percent in 2008 and almost nothing in 1997." China China Local Debt On December 30, Bloomberg reported China’s Local Debt Swells to 17.9 The bank said a typical Canadian bungalow requires 43.3%
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