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Does one county’s debt woes highlight the potential pitfalls buried under the surface of China’s economic prosperity?

Summary:
[unable to retrieve full-text content]The county of Dushan in Guizhou province, a poor and remote corner of China, hit the headlines earlier this month after the local authorities’ reckless borrowing to finance a series of white elephant projects was vividly recorded in a documentary that went viral.The government of Dushan, which oversees a mountainous area with a total population of 360,000, has accumulated 40 billion yuan (US.7 billion) of debt, or around 40 times its annual fiscal revenues. By any standard, the local…

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[unable to retrieve full-text content]
The county of Dushan in Guizhou province, a poor and remote corner of China, hit the headlines earlier this month after the local authorities’ reckless borrowing to finance a series of white elephant projects was vividly recorded in a documentary that went viral.The government of Dushan, which oversees a mountainous area with a total population of 360,000, has accumulated 40 billion yuan (US$5.7 billion) of debt, or around 40 times its annual fiscal revenues. By any standard, the local…
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