The Traderszone Network

Published in TZ Latest News 2 August, 2015 by The TZ Newswire Staff

As China Admits It Lied About Its Local Debt Levels, Local Billionaires Are Quietly Liquidating Their Assets

It was almost exactly two years ago, when during China’s long-forgotten attempt to actively deleverage its economy (remember that? good times…) we commented on the country’s s first attempt to estimate what its local government debt is since June 2011.

This is what we said in July 2013:

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