11/10/11 08:15:09.87 MAeFgzHj
The central government's public debts stand at about 18% of GDP. Adding local government borrowing and contingent liabilities
in other areas, total liabilities are probably about 60% to 80% of GDP. The government still has a large pool of state-owned
assets, which are worth about 15 times GDP. Therefore Beijing does have sufficient resources to prevent a systemic meltdown
of the economy, at least in the short term.（ry