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China hid local government debt could be $ 6 trillion: S & P



  Tianjin in China on February 1, 2016.

Prisma Picture Agency | UIG | Getty Images

Tianjin City in China on February 1, 2016.

Unreported Chinese municipal debt may amount to trillions of dollars, meaning that the country's debt ratio has reached "alarming" levels, S & P Global Ratings said in a report released on Tuesday.

In September, the rating agency lowered its long-term issuer ratings to seven vehicles, including two in Tianjin City, just outside Beijing.


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