China’s indebted cities worry investors
Debt surged nearly 70 percent in two years in country as a whole, far more than what officials had publicly admitted.
Published On 7 Mar 2014
One of the major issues facing China is a problem of growing debt. Massive spending by local government has kept the economy on track. But at what cost?
Al Jazeera’s Rob McBride explains from Chongqing, one of China’s most indebted cities.