Chinese local authority debt: The makings of a crisis?

Sources:Huo Kan and Wang Changyong, “Enquiry into the black hole of local debt,” a special report by the magazine Xin shiji – New Century, no. 440, 7 March 2011:— article 1: “Enquiry into the black hole of local debt”;— article 2: “ The emergence of national debt”;— article 3: “The many heads of the statistical institutions”;— article 4: “Seeds of crisis”;— article 5: “In search of debt-reducing policies”;— article 6: “What direction for local funding?