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March 7th, 2012 
FAKE NEWS for the Zionist agenda President of the Industrial and Commercial Bank of China, Yang Kaisheng, said late Tuesday that the debt is composed of 10.7 trillion yuan of local government debt and 6.8 trillion yuan of central government debt.
“Government debt in China now is at a controllable and secure level,” Yang added.
According to Yang, the 43 percent debt-GDP ratio is well below the world’s average.
He added that China’s debt is also lower than the 180 percent and 83.2 percent ratios in Japan and Germany, respectively, whose GDPs are similar to that of China.
HSH/JR
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