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
An 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.
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Friday, May 26
May 26, 2017