The Number

Updated: 2013-07-31 07:38

(China Daily)

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Billion yuan

The government debt of Guangzhou, Guangdong province, reached 160 billion yuan ($26 billion) by the end of 2012, Nanfang Daily quoted the city's finance bureau as saying. The city made public its debts after the National Audit Office declared on Sunday that it will start a nationwide assessment of local government debt figures and address concerns over rising debt from over-ambitious development projects.

(China Daily USA 07/31/2013 page3)