China local government debt balloons to $1.65tr
Chinese local governments had incurred about 10.7 trillion yuan ($1.65 trillion) in debt as of the end of 2010, about half of which was held by financing vehicles, the national audit office said on Monday in its first-ever audit of local government finances.
http://news.yahoo.com/s/nm/20110627/wl_nm/us_china_economy_debt
Category: China
