Benjamin CarlsonDecember 10, 2013 01:46
HONG KONG — China is amassing debt at a blistering pace. Since June of last year, more than ten provinces and cities in China have loaded up on fresh stimulus plans that total up to 20 trillion yuan ($3.3 trillion), according to a recent report by the Chinese newspaper First Financial Daily. Even in China, where everything is bigger, that figure is huge. It's a debt mountain on top of a debt mountain.