Chinese crackdown on local loan guarantees may trigger an avalanche of bad debts

China’s local governments are raising funds through investment vehicles to circumvent regulations that prevent them from borrowing directly. A crackdown on such loans, estimated at about $1.7 trillion at the end of 2009, could trigger a gigantic wave of bad debts as projects are left without funding.

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    Sony to start selling 3D TVs

    This could be the next hot product for the electronics industry.

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    Why Russia and the US are sparring over this 17-year-old

    A Moscow teenager launched a chat website late last year, which only 500 people were using. Now Chatroulette gets around 1.5 million visitors daily. Russian billionaires are offering to buy Andrey Ternovskiy out. And Silicon Valley is interested.

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    COMMENTS

    Nevin J

    10 years ago

    The chatroulette competitior has arrived, http://vtring.com/

    Check it out!

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