Last Updated: Monday, September 30, 2013, 20:06
China currently has about USD 3.30 trillion foreign exchange reserves.
Last Updated: Sunday, July 28, 2013, 15:27
The audit office, responsible for overseeing state finances, made the announcement in a one-sentence item on its website, but gave no details on the audit.
Last Updated: Wednesday, April 17, 2013, 19:57
"We audited some local government bond issues and found them very dangerous, so we pulled out," Zhang Ke of accounting firm, ShineWing, told Financial Times
Last Updated: Tuesday, August 07, 2012, 17:14
Cautioning China’s corporate debt ratio has reached "dangerous" levels, experts have warned against any stimulus measures to boost domestic demand to compensate for falling exports, saying it could put a heavy strain on corporate firms.
Last Updated: Wednesday, June 27, 2012, 12:40
The rising debt is adding to concerns whether it may undermine China's fiscal position and cause economic harm, a report in the state run China Daily said on Wednesday.
Last Updated: Tuesday, June 26, 2012, 16:31
Medium and long-term foreign debts totalled USD 193.56 billion, while short-term debts stood at USD 557.7 billion, according to the State Administration of Foreign Exchange.
Last Updated: Tuesday, March 06, 2012, 23:32
It is composed of 10.7 trillion yuan (USD 1.7 trillion) of local government debt and 6.8 trillion yuan of central government debt, Yang told a press conference on the sidelines of China's annual parliamentary session.
Last Updated: Friday, March 02, 2012, 11:46
Concerned over the USD 1.7 trillion debt of local governments, China said it will take steps to guard against possible defaults which could cause extensive damage to the financial stability of the country's banks.
Last Updated: Tuesday, August 09, 2011, 22:24
Expressing concern over downgrading of America's credit rating, China the largest holder of its debt has asked US and EU to take concrete fiscal and monetary steps and check fiscal deficits to resolve debt problems to maintain global investors' confidence.
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