The National Audit Office (NAO) recently published audit results of debt held by 36 local governments by the end of 2012. Central government auditors scoured the financials of China’s 15 provincial governments and their capital cities, three municipalities under the central government’s direct administration and the governments of 1 district in each municipality.
China’s Debt Levels Infograph
Peter Lynch was one of the best growth investors of all time. As the Magellan Fund manager at Fidelity Investments between 1977 and 1990, he averaged a 29.2% annual return. Q1 2021 hedge fund letters, conferences and more The fund manager's investment strategy was straightforward. He wanted to find growth companies and sit on them Read More