China s Local Government to Default on 30% of Loans
Posted by w_thames_the_d on January 14, 2012
| China s local governments will default on thirty percent of their loans. This money came from a huge stimulus package from a few years ago. If they have trouble paying back the loans, does it mean all the bribes must be returned as well? And if so, how does one go about getting back the two hundred Kauai from the ktv/hostess/student/hooker? Does the communist official have to physically return the favor of hand love for a quick o? Story excerpt |
Understanding China, One Blog at a Time 
Brewskie said
The debt beats were bailed out last year in the tune of 2-3 trillion yuan ($200-$300 billion). Now with the recent downgrade of eurozone nations, plus the fragile US economy and declining Chinese exports, does anyone seriously think China’s got the muster to avoid a hard landing?
wtdevflnt said
Only apologists and corporate big whigs who want more of our money.