Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

Google's 200-second quantum leap

Oct 23, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Make Me Smart with Kai and Molly
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
China's Hangover

The numbers for July 3, 2013: China’s Manhattan

Stella Xie Jul 3, 2013
Share Now on:
69%

The percentage of Tianjin’s fixed-asset investment to GDP in 2012. The national average ratio is 43 percent. (Tianjin Statistics Bureau)

39%

Tianjin Municipal Government’s debt ratio in 2009, near three times of the internationally accepted alarm level. (National Development and Reform Center)

1,929 feet

The height of the Rockefeller Center tower under construction in Yujiapu. (Xinhua News)

$627 billion

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)

$2 trillion

China’s local government debt at the end of 2012, equal to one-fourth of China’s GDP.(Fitch Ratings)

5,000

The estimated number of people relocated for the construction of Yujiapu area. (Bloomberg)

$45 billion

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)

$650 billion-$815 billion

Estimated amount of credit borrowed by China’s local governments to mature this year. (CEBM Group)

One-fifth

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)

8,221

Number of Local Government Financing Vehicles in China by end of May 2009. (China Banking Regulatory Commission)

One-third

The percentage of local government financing vehicles that have insufficient operating cash flow to cover their debt payments. (China Banking Regulatory Commission)

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.

Check Your Balance ™️
Check Your Balance ™️
Personal finance from Marketplace. Where the economy, your personal life and money meet.
How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.