中国式金融魅影 Chinese Financial Phantom

Local government bond is a longstanding problem. Local government floats a loan crazily and constructs ahead, and uses excessive expectation for land revenue to float extensive loans. Nowadays, various regions are entering into peak of local debt repayment. Under background of house property regulating and controlling, debt becomes larger and larger, like Damocles Sword hanging on head of local government. At present, China's manufacturing industry affected by local government bond depends on a thread, and social unemployment rises sharply......Would Local government bond evolve "e;subprime crisis"e; in China? How will we get out of Chinese financial phantom? Destiny waiting for us will be revealed.