Outstanding Local China Government Loans May Top $1.62 Trillion, News Says

Chinese local government financing vehicles may have outstanding loans of as much as 10 trillion yuan this year and exceeding 11 trillion yuan in 2011, the China Business News reported, citing Liu Yuhui, an economist with the Institute of Finance and Banking at the Chinese Academy of Social Sciences.

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Outstanding Local China Government Loans May Top $1.62 Trillion, News Says

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