Local Government Debt in China
April 21, 2014
Local government debt in China is spinning out of control. A look at the most indebted cities in China and the size of their debts.
Nearly everyone agrees that China has a serious local debt problem, some would even call it a crisis, one which the State Council addressed in a highly anticipated report released last summer. The National Audit office said local government debt, including contingent liabilities and guarantees, had risen by nearly 70% to RMB 17.9 trillion as of June 2013. The report also said that shadow banks accounted for at least 13% of all local government borrowing. To put things in perspective, Shanghai-based Tiger economics market research firm ranked the top 10 most indebted provincial capitals. Above is a snapshot of those cities, the size of their debt problem, and what investments got them in the hole.
Enjoying what you’re reading?
CKGSB Report
Our Programs
The Biotech Innovation Program
Global Unicorn Program Series
This program equips CEOs and founders in the life sciences and biotechnology industry with the essential knowledge and connections needed to thrive in this rapidly evolving sector.
LocationUniversity of California, San Diego, USA
DateSeptember 9-13, 2024
LanguageEnglish
CKGSB-ESCP Global Unicorn Program in Luxury & Tech
Global Unicorn Program Series
Delivered collaboratively by ESCP and CKGSB, this immersive program is tailored for visionary global leaders seeking to navigate the intersection of luxury and technology.
LocationESCP Montparnasse Campus, Paris
DateSeptember 23-26, 2024
LanguageEnglish
CKGSB-ESMT Global Unicorn Program in Deep Tech
Global Unicorn Program Series
The program will provide practical business strategies to grow, scale, globalize, and potentially exit deep tech ventures and will touch upon the latest insights on deep tech advancements, such as AI, cutting-edge computing, and cybersecurity innovation.
LocationBerlin
DateOctober 28-31, 2024
LanguageEnglish
Global Unicorn Program: Scaling for Success in the Age of AI
Global Unicorn Program Series
In collaboration with the Stanford Center for Professional Development (SCPD), this CKGSB program equips entrepreneurs, intrapreneurs and key stakeholders with the tools, insights, and skills necessary to lead a new generation of unicorn companies.
LocationStanford University Campus, California, United States
DateDec 09 - 13, 2024
LanguageEnglish
Emerging Tech Management Week: Silicon Valley
This program offers insights into emerging technology developments and the skills required to innovate, grow, and transform your business strategy.
LocationUniversity of California, Berkeley, USA
DateNovember 3-8, 2024
LanguageEnglish
New Energy and the Disruption of Traditional Industries
Global Unicorn Program Series
The Global Unicorn Program in New Energy and the Disruption of Traditional Industries – presented jointly by CKGSB and University of Sydney – will emphasize Australia’s distinctive contributions.
LocationSydney, Australia
DateFebruary 11-14, 2025
LanguageEnglish
Frontiers in Digital Innovation: AI, Future of Tech & Data Science
Global Unicorn Program Series
This program offers you the opportunity to master AI algorithms and data analytics, navigate future technology landscapes, and embrace cross-cultural perspectives.
LocationNew York, USA
DateJune 23-27, 2025
LanguageEnglish
