China’s Local Governments Have ‘Hidden’ Debt Estimated at $8 Trillion or Nearly Half of the Country’s GDP

Not only are companies investing in China’s real estate market facing solvency issues, but China’s local governments also have huge amounts of debt outstanding as well. We reported earlier today that the debt obligations related to investments in China’s real estate by corporations like Evergrande, is around a half a trillion dollars.  This is what … Continue reading China’s Local Governments Have ‘Hidden’ Debt Estimated at $8 Trillion or Nearly Half of the Country’s GDP