Posts Tagged ‘finance ministry’

China’s Debt ‘Out Of Control’: May Surpass Financial Crisis In The US Housing Market Crash.

CHINA’S BUBBLE! A senior Chinese auditor has warned that local government debt is “out of control” and could spark a bigger financial crisis than the US housing market crash. Zhang Ke said his accounting firm, ShineWing, had all but stopped signing off on bond sales by local governments as a result of his concerns. China Braces […]

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