China facing possible debt crisis: bank watchdog
Bank for International Settlements points to its credit to GDP gap hitting a record high of 30.1% in Q1
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Beijing
CHINA's banking sector could be facing an imminent debt crisis, a global central bank watchdog has warned, fuelling fresh fears about a blowout in the world's No 2 economy that could hit the world economy.
The Bank for International Settlements (BIS) - dubbed the central bank of central banks - said that a gauge of Chinese debt had hit a record high in the first quarter of the year.
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