China’s collapse

China’s coming collapse

China's planned $463 billion bail-out of local governments gives a good indication of how big its coming financial crisis will be — about 1.5 times bigger than America's.
<div style="text-align: left;"> China's CPI rose 5.3% year on year in April, driven by increasing food prices (AFP) </div>
<div style="text-align: left;"> China's CPI rose 5.3% year on year in April, driven by increasing food prices (AFP) </div>
June 08, 2011

It became clear last week that China has probably not dodged the financial crisis at all, after Beijing quietly agreed to bail out local government to the tune of $463 billion.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles