Tuesday 10 May 2016

Top China paper warns of crisis risk over debt


POLITICAL ECONOMY
Top China paper warns of crisis risk over debt Beijing (AFP) May 9, 2016 - China must turn off the taps of credit-driven growth to avoid a financial system crisis in the face of rising bad loans and other risks, the Communist Party's official mouthpiece newspaper said Monday, citing an unnamed "authoritative" source. The prominent article, in question-and-answer format, started on the front of the broadsheet paper and took up the entirety of page two. China's C ... more

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