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A 2011 audit found that China's local governments' debt totalled 10.7 trillion yuan ($1.73 trillion) at the end of 2010
In recent months, Russia and Japan have stepped up high-level talks between the two sides to find a resolution.
The project is billed as one of energy-hungry China’s most important strategic investments.
June figures indicate that inflation has slowed, but remains over Central Bank caps.
The surge in violence has led some to believe Baghdad is losing control of the country.
The African Union, earlier in July, suspended Egypt from all union activities for disruption of “constitutional order”.
Pollution has been an issue of increasing public concern in Chinese cities.
Stemcor is one of Britain’s largest independent steel trading companies but is now facing an acute cash crunch.
6.87 million registered voters will cast their ballot in the troubled African country.