On November 24, 2012, China Review News published an article titled, “The Fiscal Pitfall of Urbanization.” According to the article, the rapid urbanization in China, which relies on land sales and financing (borrowing money), may lead to a big debt crisis.
Source: China Review News, November 24, 2012
http://www.zhgpl.com/doc/1023/1/5/4/102315497.html?coluid=53&kindid=0&docid=102315497&mdate=1124082302