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    • Archive for August 22nd, 2010

    China Travel – “No systemic risk” for local borrowings

    Sunday, August 22nd, 2010

    BEIJING, Aug. 20 (Xinhuanet) — The Chinese government said risks related to borrowing by local government-backed investment units are “controllable” and would not cause systemic damage to the economy, as it worked out detailed measures to clean up financing of these vehicles on Thursday. Some economists are concerned that the problem of local government debt [...]