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China credit tap back on, but comes with risks, analysts warn

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With growth rates falling, there are signs, including the recent surge in credit, that the need for stability is now back on top of Beijing's agenda.

Beijing

CREDIT surged in the first quarter, with new loans up more than 25 per cent, as the government looks to shore up growth. It's an old recipe which could lead to a debt crisis and delay reform, analysts say.

Since January, the Chinese government has embarked China on another