标题: 债台高筑，中国城市转寻私人投资 [打印本页] 作者: choi 时间: 8-10-2015 06:42 标题: 债台高筑，中国城市转寻私人投资 Neil Gough and 曹莉, 债台高筑，中国城市转寻私人投资. 纽约时报中文网, Aug 7, 2015
cn.nytimes.com/china/20150807/c07chinadebt/
, which is translated from
Neil Gough and Cao Li, Trying to Grow Without Beijing; Deeply in debt, Chinese cities woo investors. New York Times, Aug 7, 2015.
three consecutive paragraphs:
rapid urbanization over the last decade has saddled the local government [of Weifang] with debts totaling 88.4 billion renminbi, or $14.2 billion, as of June 2013, the most recent data available.
"Since 2007, China’s overall local government debt has risen at an annual rate of 27 percent. It now totals almost $3 trillion, according to estimates from the consulting firm McKinsey & Company.
"Companies, too, have gorged on cheap credit in recent years. Altogether, China’s total debt stands at 282 percent of its gross domestic product
My comment:
(a) This report says nothing new, except with a concrete example of City of Weifang (as opposed to an abstract, faceless concept: Chinese cities are all like this).
(b) Weifang 山東省 潍坊市
(c) MTR https://en.wikipedia.org/wiki/MTR
(Mass Transit Railway; 1979- ; The MTR system is operated by MTR Corporation Limited (MTRCL)[, a company listed in Hong Kong Exchange])
(d) "In the sleepy village of Beiying on the outskirts of Weifang"