Suzhou resident Bill Dodson talks about the executing of his corrupt vice-mayor to Paul French of the Ethical Corporation in a podcast. Local debts are becoming a liability and local officials paying with their lives. A look behind China’s corrupt economy.
Category Archives: debts
Social instability and a touchy change of power in 2012 are just two of a set of stinging problems China’s sky-high debts is causing the country, political analyst Victor Shih tells the Global Post in an extensive interview on the country’s shortfall.
China’s financial institutions have been releasing assessments on the total of debts local governments have, writes Victor Shih in a guest blog at the Financial Times. But they are not yet close to the real debts of 15 to 20 trillion Renminbi.
The warning by China’s National Audit Bureau local debts are a risk for the country, is a step forward, says political and financial analyst Victor Shih to the New York Times. Until Monday those local debts were kept under wraps. But it is only the beginning of a solution.
Victor Shih of the Northwestern University has been doing much of the legwork to find out how much China’s debt actually is, much higher than China’s financial authorities want to admit, he writes on this blog of the Financial Times. Much of the country’s financial bubble remains underground.
Ann Rutledge is a founding principal and CEO of R&R Consulting, which is a pioneer in dynamic structured credit modeling tools. An adjunct assistant finance professor at The Hong Kong University of Science and Technology in Hong Kong, Ms. Rutledge has consulted to high-level representatives of China’s MIIT (Ministry of Industry and Information Technology), CCDC (China Bond), CFOs of large SOEs, SOE banks and security companies, municipal and commercial leaders of Hangzhou, Tianjin, Shanghai and Beijing cities, and national accounting and statistics bureaus under the Ministry of Finance