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- Oct 15, 2015
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The US owes 33 trillion dollars. What does Biden call the US debt? Apparently he's not worried about our debt at all.
China's $10 trillion hidden debt mountain could be the 'ticking time bomb' that Joe Biden warned of
- But the nation faces another, even more worrisome threat: the colossal hidden debt of its local governments.
- Some estimates put the liabilities of China's local financing vehicles close to $10 trillion.
China's $10 trillion hidden debt mountain could be the 'ticking time bomb' that Joe Biden warned of
China has faced many economic problems this year, from deflation to record youth unemployment and a property crisis. But now, an even more worrisome threat is emerging: the colossal hidden debt of China's local governments.
www.yahoo.com