Provinces heed Beijing debt alarm with more modest growth targets

02/27/2013 | Bloomberg · Caijing Magazine online

Fourteen of China's provinces appear to be responding to Beijing's call for more careful expansion plans, cutting their growth projections for 2013 below last year's. Separately, high levels of debt in local financing vehicles were cited as one factor as Standard & Poor's predicted Chinese banks' nonperforming loan ratio will reach about 3% by year end.

View Full Article in:

Bloomberg · Caijing Magazine online

Published in Brief: