Tuesday, May 31, 2011

China Bailout, 10% of their GDP

 I would say, this IS big, China Bailout

Followed by what...well of course, the ability for Chinese municipalities to issue their own debt.


http://ftalphaville.ft.com/blog/2011/06/01/581561/china-takes-on-its-massive-muni-mess-with-a-463bn-bailout/

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Insightful and Useful Comment!