China debt risks stoke internal debate over lowering 2017 growth goal
Some advisers say maintaining growth above 6.5% is unrealistic and suggest a 6-6.5% range instead
Thu, Nov 03, 2016 - 5:50 AM
Chinese workers loading steel pipes at a port in Lianyungang in Jiangsu province recently. The government has cut red-tape and tried to reduce production capacity in surplus industries including steel and coal.
CHINA'S growing debt and property risks have touched off an internal debate over whether China should tolerate growth as low as 6 per cent in 2017 to allow more room for painful reforms aimed at reducing industrial overcapacity and indebtedness.