Debt numbers show China's standouts and stragglers

Growing levels of local government debt in China have sparked concerns from investors and policymakers, but a closer look at the regional disparities within the data should assuage their fears.

Debt is surely one of the hottest topics in politics around the world. The Coalition government is imposing tough austerity measures in the name of rectifying the country’s debt crisis, both real and imagined. Companies and governments around the world are going through the painful process of deleveraging and repenting for the excesses of the past.

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