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2 dead, 6 injured in minibus explosion in NE China shine.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shine.cn Daily Mail and Mail on Sunday newspapers.
2 dead, 6 injured in minibus explosion in NE China chinanationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinanationalnews.com Daily Mail and Mail on Sunday newspapers.
China’s property market crunch is making it difficult for local governments to cut an estimated US$6 trillion of hidden debt even as Beijing shows more determination in cracking down on the problem. Beijing, Shanghai and Guangdong Province are planning trials to eliminate the off-balance sheet borrowing that local authorities use to raise funds for spending. Although there were no details, it is likely the pilot pro grams could eventually be rolled out to more of the 31 other regions in the country. The central government is getting more serious about tackling financial risks associated with the debt, which it labeled a ....