`One leak and we´ll all drown´: top Chinese lawmaker raises alarm over river of local ...
(WorldNews China)

China’s debt mountain remains an ominous threat to the world’s second-biggest economy, and will take years to remedy, according to a prominent Chinese lawmaker. Yin Zhongqing, who was re-elected on Tuesday as a deputy director of the National People’s Congress’s financial and economic affairs committee, said Beijing’s official figures for local government debt – 16.5 trillion yuan (US$2.6 trillion) as of the end of last year – could be underestimates,......