Runescape Gold gross domestic product was 159 percent at the end of 2008

　　The problem with this idea is that Beijing has taken more urgent action to stop a speculative property boom and said that state banks to reduce lending. Domestic investment - largely in property and infrastructure development - represented 70 percent of China's gross domestic product last year, a proportion much higher than in developed economies.

　　According to the McKinsey Global Institute, the proportion of the total debt of China's gross domestic product was 159 percent at the end of 2008, before starting the recovery program has accumulated a pile of local debt. Local governments have long had to tap other sources of income to supplement their meager share of taxes in the country.

　　Beijing controls the bulk of tax revenue for local officials to prevent the unnecessary use, and as a means to redistribute wealth between rich and poor provinces. So they raise money by selling or by taxing property or borrow money. They are excluded from direct borrowing from banks, government agencies, but thus spreading their vehicle financing. Local officials have a strong interest in maintaining the high prices of real estate because it is an important source of income.