China's debt problem

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Has China's government bailed out its debt-laden local authorities? Lesley Curwen talks to Patrick Chovanec, an Associate Professor at China's elite Tsing-hua University. Plus California's 'train to nowhere'. Kaitlin Funaro reports on the proposed bullet train which may run into the buffers. And Lucy Kellaway of the Financial Times wonders whether bosses should be thin-skinned or thick-skinned. (Image: Former Governor of California Arnold Schwarzenegger gestures as he listens to Masaki Ogata, vice president of East Japan Railway Co, during an inspection of Japan's high-speed rail network in 2010. Credit: AFP / Getty Images)