Summary | The results of China's audit of local government debt
came in well below many estimates but they make one thing clear
it's becoming much more difficult to identify what qualifies as
local government debt, and who is responsible for the rising
debt levels.
came in well below many estimates but they make one thing clear
it's becoming much more difficult to identify what qualifies as
local government debt, and who is responsible for the rising
debt levels.
blogs.wsj.com | 12 December 2015