China’s public debt said vastly understated | Reuters.com:

Living here in China I can’t say that comes as a surprise. Whether you’re looking at the dozens of completely empty gas-stations of xinjiang, the empty airport of Zhuhai, the empty hirises in Shenzhen and Zhuhai, mismanaged ego driven investment is everywhere. As long as the currency stays cheap enough to keep dollars pouring in, I expect that the storm will be weathered. Like so much of the world today, there is a huge amount of volatility that seems to be forgotten… What % of the countries GDP can be miss-invested without causing the Chinese development miracle to run off the tracks? What % are we running at today?