China’s ballooning debt is a major threat to global financial stability, IMF warns
|12/07/2017||Posted by BusinessMediaguide.Com under General World News||
- International Monetary Fund warns that China’s ever-growing debt problem poses global financial stability challenges.
- “Credit growth has outpaced GDP growth, leading to a large credit overhang.”
- Fund identifies three areas of “tensions” within the country’s financial sector.
China’s ballooning levels of debt and dependency on credit to fuel growth continues to pose a major financial stability threat to the global economy, and could be the catalyst for the next crisis, according to the International Monetary Fund.
The IMF report, released after the fund’s annual fact-finding mission to the world’s second largest economy, noted that while China’s political classes have taken steps to try and read more >>>