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IMF tells China to stop relying on credit to fuel investment, and to address corporate debt levels and other problems before they spiral out of control

2 months ago
Sky Canaves
n annual review by the multilateral agency concluded that the government has been over-relying on credit to reach China's "unsustainably high growth targets" and cited risks of corporate default, lower long-term growth and more pain for regions that are home to bloated industries.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.