China’s local governments are facing debt issues

Global Business

Published February 2, 2016 at 9:17 PM
Updated February 8, 2016 at 1:28 PM

County-level cities in China still have a large housing inventory on their hands and local governments also face debt burdens, but what sort of risk do they pose to China’s financial system as a whole?

Eric Schmidt spoke to CCTV America about China’s local debt issue. Schmidt is the CEO of EventBank.

China's local governments are facing debt issues

County-level cities in China still have a large housing inventory on their hands and local governments also face debt burdens, but what sort of risk do they pose to China's financial system as a whole? Eric Schmidt spoke to CCTV America about China's local debt issue. Schmidt is the CEO of EventBank.