China auditor raises warning flag on local government debts

06/27/2013 | Xinhuanet.com (China)

Citing sharply rising local debts, China's National Audit Office called on local governments to get a better handle on debt management. Auditor General Liu Jiayi noted that these debts have risen 13% in the past two years, with nearly half the total debt accumulated in that period.

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Xinhuanet.com (China)

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