»»China’s Hidden Borrowing?
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2point6billion (a blog on economic issue in India and China) had an interesting blog post not long ago on China's "hidden" borrowing.
Officially, China has a public debt hovering at about 22% of its GDP. That's relatively low. The US has a public debt that's about 94% of GDP and the UK's public debt is closer to 380% of GDP. But Victor Shih, an economist at Northwestern University, has suggested that most of China's public debt is somehow shuffled down to local …
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