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.

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TAGGED: China

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