Debt surge signals rising risks in Chinese financial system

China’s local government debt had swollen to 17.9 trillion yuan by the middle of this year according to the latest figures from the National Audit Office (NAO), up nearly 70 per cent from its previously disclosed total in a fresh sign of the risks building inside the fina

via Business feed http://www.scmp.com/business/banking-finance/article/1393334/debt-surge-signals-rising-risks-chinese-financial-system