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Can China contain its $8.3 billion fiscal crisis?

Can China contain its $8.3 billion fiscal crisis?

For years, China#39;s municipalities relied on off-balance-sheet entities to fund infrastructure and support local economy.  As a consequence, local government financing vehicles#39; debt has risen to $8.3 trillion, or 48 percent of China’s GDP Read More ​ For years, China#39;s municipalities relied on off-balance-sheet entities to fund infrastructure and support local… Read More »Can China contain its $8.3 billion fiscal crisis?

Can China contain its $8.3 billion fiscal crisis?

Can China contain its $8.3 billion fiscal crisis?

For years, China#39;s municipalities relied on off-balance-sheet entities to fund infrastructure and support local economy.  As a consequence, local government financing vehicles#39; debt has risen to $8.3 trillion, or 48 percent of China’s GDP Read More ​ For years, China#39;s municipalities relied on off-balance-sheet entities to fund infrastructure and support local… Read More »Can China contain its $8.3 billion fiscal crisis?

Army jawan arrested in connection with killing of 4 soldiers at Bathinda military station: Police

Army jawan arrested in connection with killing of 4 soldiers at Bathinda military station: Police

Bathinda Senior Superintendent of Police Gulneet Singh Khurana identified the arrested soldier as Desai Mohan, and said, “The motive was personal. He had enmity with them.” Four soldiers were killed in their sleep in firing inside the military station in… Read More »Army jawan arrested in connection with killing of 4 soldiers at Bathinda military station: Police

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