In the tace of global financial and economic meltdown, Diary always prescribes a hot cup of cha with two sugars and a broader sense of perspective. Indeed, with Europe's leaders recently forced to push out the begging bowl towards China in the hope of funding a Eurozone bailout, we inscrutably turn our gaze once more to the land of Confucius. Previously, we've observed the great wall of debt -10.7 trillion yuan - which is the hole in Chinese local government finances.
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