China’s Bailout Falls on Banks


China’s Bailout Falls on Banks
— Aaron Back
The Wall Street Journal Europe
11 Mar 2015

A plan is taking shape to clean up the legacy debts of China’s profligate local governments. For investors, it means some short- term pain in return for better long-term security. China’s leadership is considering bailing out some local government…read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s