China Debts Dwarf Official Data Prompting Alarms: Methodology
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To find out about the debt of China’s local government financing vehicles, Bloomberg News examined disclosures made by them in publicly available Chinese-language prospectuses for bonds, notes and commercial paper.
The survey focused on 2011 issuances in an effort to provide the most up-to-date snapshot. In all, there were 231 such issuers through Dec. 10, which raised a combined 354.1 billion yuan ($55.8 billion).