The numbers for July 3, 2013: China’s Manhattan
The percentage of Tianjin’s fixed-asset investment to GDP in 2012. The national average ratio is 43 percent. (Tianjin Statistics Bureau)
Tianjin Municipal Government’s debt ratio in 2009, near three times of the internationally accepted alarm level. (National Development and Reform Center)
The height of the Rockefeller Center tower under construction in Yujiapu. (Xinhua News)
The total amount of debt that local governments in China have amassed by the end of 2012, up 13 percent from 2010. (National Audit Office)
China’s local government debt at the end of 2012, equal to one-fourth of China’s GDP.(Fitch Ratings)
The estimated number of people relocated for the construction of Yujiapu area. (Bloomberg)
Amount of debt that Tianjin Infrastructure Construction and Investment Group, a local government-owned entity that’s helping finance Yujiapu recorded in 2011, more than any other local government financing entity in China. (Bloomberg)
Estimated amount of credit borrowed by China’s local governments to mature this year. (CEBM Group)
Percentage of loans taken out by the financing arms of China’s local governments that is deemed risky by China’s central bank governor. (People’s Bank of China)
Number of Local Government Financing Vehicles in China by end of May 2009. (China Banking Regulatory Commission)
The percentage of local government financing vehicles that have insufficient operating cash flow to cover their debt payments. (China Banking Regulatory Commission)
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