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Despite Growth, China Too Faces Debt Problems

04:39
Work on this $1.5 billion highway in western China's Shaanxi province mostly halted after the government ran out of money. China has spent large sums to help keep its economy growing in recent years, but many local governments now face big debt burdens. (Frank Langfitt/NPR)
Work on this $1.5 billion highway in western China's Shaanxi province mostly halted after the government ran out of money. China has spent large sums to help keep its economy growing in recent years, but many local governments now face big debt burdens. (Frank Langfitt/NPR)

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