After years of talks about the potential risks within China's local government debt universe, default may finally take place this year. There are signs that the Chinese government has become serious about tackling this problem, and any local government debt default would add pressure to China's economy and its financial system, according to a report […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.