Hidden debt from Chinese local authorities could rise to $ 6 trillion: S & P



[ad_1]

Tianjin City, China on February 1, 2016.

Prisma Bildagentur | UIG | Getty Images

Tianjin City, China on February 1, 2016.

China's undeclared local public debt could rise to billions of US dollars, which means the country's public debt-to-GDP ratio has reached "alarming" levels, S & P Global Ratings said in a report. published Tuesday.

Source link