IMF issues warning over China debt load

AFP – Tue, Oct 4, 2016 9:06 PM SGT

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Ricky L • a second agoRemove

China's total debt hit 168.48 trillion yuan ($25 trillion) at the end of last year, equivalent to 249 percent of national GDP, the Chinese Academy of Social Sciences, a top government think tank, has estimated.

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The total debt to fuel growth is far to high.

Wonder how is China going to ensure the debt can be recovered?

Wonder will a massive financial crisis unveil in China and is the Chinese Government doing anything to prevent the crisis and recover from this anomaly to ensure a soft landing.

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