China says local govt debt reached $3 trillion as of June

BEIJING, Dec 30 (Reuters) - China's local governments had total outstanding debt of 17.9 trillion yuan ($2.95 trillion) as of the end of June, the state auditor said on Monday, up 67 percent from...

from Reuters: Financial Services and Real Estate http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/ThijAEEt0bw/story01.htm