29-07-2013, 09:37 AM
China is also preparing for coming "storm"... A good news in long term, but might impact on certain sectors in short term... IMO
China orders nationwide government debt audit
BEIJING — China’s National Audit Office will conduct an audit of all government debt at the request of the State Council or Cabinet, it said in a statement yesterday, underlining concern over rising debt levels in the world’s second-biggest economy.
The audit office, responsible for overseeing state finances, made the announcement in a one-sentence item on its website, but gave no details on the audit.
http://www.todayonline.com/chinaindia/ch...debt-audit
China orders nationwide government debt audit
BEIJING — China’s National Audit Office will conduct an audit of all government debt at the request of the State Council or Cabinet, it said in a statement yesterday, underlining concern over rising debt levels in the world’s second-biggest economy.
The audit office, responsible for overseeing state finances, made the announcement in a one-sentence item on its website, but gave no details on the audit.
http://www.todayonline.com/chinaindia/ch...debt-audit
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡