China orders audit of government debt

Debt may threaten China's growth, and there are growing fears that local governments may not be able repay.

China has ordered a nationwide audit of all government debt, underlining fears that the recent slowdown in its economy may impact the financial sector.

Local governments in China borrowed heavily after the global financial crisis to try to sustain growth rates. Read Full Story: http://m.bbc.co.uk/news/business-23486466