May 5, 2014
China's Looming Debt Bomb
N. VanderKlippe & E. Reguly, Globe and Mail
The Associated Press
Debt now stands to undo at least some of what China’s spending has accomplished. Some of the country’s major projects have done little more than strand vast amounts of invested capital. Debt is just one of the ticking time bombs in China today. China must also cope with the fallout from slowing spending in a place where social stability has been largely defined by one thing: the non-stop accumulation of wealth.