China's indebted cities worry investors

Author: 

Rob McBride (Al Jazeera)

Publication date: 

Friday, 7 March 2014

Type: 

  • Video

Producer: 

External to ACUI

Project theme: 

Debt surged nearly 70 percent in two years in country as a whole, far more than what officials had publicly admitted.One of the major issues facing China is a problem of growing debt. Massive spending by local government has kept the economy on track. But at what cost? Al Jazeera's Rob McBride explains from Chongqing, one of China's most indebted cities.