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China debt accelerates to record levels

Outstanding company, household loans at record 207% of GDP

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Published Thu, Jul 16, 2015 · 09:50 PM

Beijing

WHILE China's economic expansion beat analysts' forecasts in the second quarter, the country's debt levels increased at an even faster pace.

Outstanding loans for companies and households stood at a record 207 per cent of gross domestic product (GDP) at the end of June, up from 125 per cent in 2008, data compiled by Bloomberg shows.

China economy

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