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China's local government debt burden weighs on investment

Fixing the problem could require a major structural change in how the world's second-largest economy operates.
The local government debt crisis China faces is directly linked to troubles in the property sector.
Johannes Eisele/AFP via Getty Images

The current state of state finances

Jan 16, 2014
Most states are doing good when it comes to their balance sheet, even capturing that elusive word -- surplus!