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China's debt mountain is set to get even bigger

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A consumer credit boom might help deliver growth targets in China while also shifting the economy towards greater consumption.

CHINA'S debt burden is only going to get bigger. Total borrowing has grown rapidly to reach about 250 per cent of gross domestic product (GDP) last year, raising concerns about runaway credit. But pressure to meet unrealistic economic growth targets will delay any sustained effort to bring debt

sentifi.com

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