China’s collapse

China’s coming collapse

China's planned $463 billion bail-out of local governments gives a good indication of how big its coming financial crisis will be — about 1.5 times bigger than America's.

<div style="text-align: left;"> China's CPI rose 5.3% year on year in April, driven by increasing food prices (AFP) </div>

Nick Ferguson

June 08, 2011

It became clear last week that China has probably not dodged the financial crisis at all, after Beijing quietly agreed to bail out local government to the tune of $463 billion.

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