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China's debt spectre could haunt US Fed meetings

Risks emerging in China's dollar-denominated bonds could give Fed greater pause for thought as it raises rates

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Chinese companies might also decide to refinance their debt in local currency, creating weakening pressure on the yuan.

Hong Kong

IN September 2015, the US Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing in the next few years could jolt the country back into the US central bank's policy deliberations.

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