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China's Debt Problem Worse than Portugal
http://foxbusiness.com ^
| 8/8/2001
| papasmurf
Posted on 08/08/2011 1:49:25 PM PDT by papasmurf
China’s own system is jammed with rotten debt held in off-balance sheet state enterprises. Its countryside is littered with eerie, empty ghost towns. And Moody’s Investors Service says last month that China’s local debt was understated by hundreds of billions of dollars.
Read more: http://www.foxbusiness.com/markets/2011/08/07/chinas-debt-problem-worse-than-portugal-1014895568/#ixzz1UTHEy1aW
(Excerpt) Read more at foxbusiness.com ...
TOPICS: Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: china; communist; debt; dollar; downgrade; economy; imbalance; manufacturing; propaganda; trade; traitors; treason
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To: itsahoot
Thank you for the detailed response.
21
posted on
08/08/2011 4:27:55 PM PDT
by
for-q-clinton
(If at first you don't succeed keep on sucking until you do succeed)
To: familyop
You’re being too kind. I’m serious. What I have to say would get me a knock at the front door, so I won’t.
22
posted on
08/08/2011 6:44:36 PM PDT
by
papasmurf
(War is hell, but not the worst hell. Having a PRES__ENT comes close!)
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
23
posted on
08/08/2011 7:32:37 PM PDT
by
SunkenCiv
(I promise not to make any Chinco Marx jokes.)
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