China's infrastructure development incurring massive debt

[gmat]

Notes the development of mass transit system in the City of Wuhan and the borrowing done to finance it.

 

China's cities digging up mountains of debt

http://www.staradvertiser.com/news/nyt/19040101_Chinas_cities_digging_up_mountains_of_debt.html

 

Wonder what will the effect on the portion of the US debt held by China.

 

Best wishes,

Grant

[bill937ca]

Almost all countries have high debt and in most developed countries we are entering a period  of high rates of retired population (25%-40%) with almost fixed levels of entitlements, which is a bad economic combination.  

 

Staggering debt belies developed world’s ‘wealth’

 

Note: "- China's four big SWFs are valued at $831-billion, nearly offsetting the country's national debt of $996-billion. The U.S. national debt is $10-trillion, with no SWF."

 

http://www.ctv.ca/generic/generated/static/business/article1880232.html

 

A world of debt: Five countries that borrowed beyond their means

 

http://www.theglobeandmail.com/report-on-business/international-news/a-world-of-debt-five-countries-that-borrowed-beyond-their-means/article2089034/