The problem of the hidden debts of local authorities sharply increased in China

The authorities China try to solve a problem of a regional debt and not to allow crisis in financial sector Moscow. December 5. information agency "Interfaks" - the Cities and provinces on everything to China saved up a huge debt after many years of uncontrolled loans, and the authorities try to prevent a wave of defaults of local authorities which can destabilize financial sector of the country, writes American daily business newspaper "The Wall Street Journal". By estimates International Monetary Fund and Wall Street banks, total amount to China makes off-balance national debts from $7 trillion to $11 trillion. Here corporate bonds, let out in thousands so enter...