------ Nacht Blick auf die leere Dschingis Khan Platz in Ordos City, North China Autonome Region Innere Mongolei, 16. Dezember 2012. Eine chinesische Stadt k
--FILE--Night view of the empty Genghis Khan Square in Ordos city, north Chinas Inner Mongolia Autonomous Region, 16 December 2012. A Chinese city known for its empty skyscrapers is struggling to repay debt and has resorted to borrowing from companies to pay workers, a magazine published by the official Xinhua News Agency reported. Some district governments of Ordos, Inner Mongolia, had to borrow money from companies to pay salaries of municipal employees, Economy & Nation Weekly said in a July 5 report on its website. Ordos local-government entities have amassed 240 billion yuan ($39 billion) of debt, while the city had 37.5 billion yuan of revenue last year, the publication said without specifying annual interest costs. The report adds to signs of strains in an economy that probably decelerated for a second straight quarter as overseas and domestic demand slowed and Premier Li Keqiang reined in credit growth.
