IMF warns China's debt dependence growing at 'dangerous pace'
Chinese yuan.
Beijing - Arab Today
China's dependence on debt is growing at a "dangerous pace" and Beijing must act to head off a brewing crisis, the IMF warned Tuesday.
It also said the country's leaders should kick on with vital reforms or risk a painful correction in the world's number two economy, adding that Beijing's "unsustainably high" growth goals were adding to the problem.
Source : QNA
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