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China's corporate debt problem needs urgent attention: IMF

It, however, notes the authorities are focusing on the problem and its impact on banks and the economy

Published Wed, Apr 27, 2016 · 09:50 PM

Tokyo

CHINA'S problem of its high and rising corporate debt needs to be addressed as a matter of urgency to "avoid serious problems down the road", an International Monetary Fund (IMF) document issued on Wednesday suggested in a blunt assessment of the situation.

Corporate debt in China has risen to about 160 per cent of gross domestic product, "which is very high compared t…