from todayonline....
"China's government debt, which may have risen to 20 trillion yuan (S$4 trillion) by the end of last year, or about 50 per cent of its gross domestic product, is becoming a major constraint on its economic growth, research firm Beijing Fost Economic Consulting Company (FOST) said.
Local governments may have had 13 trillion yuan debt at the end of last year, it said in a report, while the central government had 6.75 trillion yuan debt"........READ MORE
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