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China: Inflated Credit, Rising Defaults

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China: Inflated Credit, Rising Defaults
Foto: Silentpilot / Pxabay. China: crédito inflado y defaults al alza

Author: Gabriela Huerta

  1. Credit growth is outstripping that of GDP by double-digits
  2. The IMF issued a warning to Beijing to tackle corporate debt levels in SOEs, by liquidating the weakest firms and restructurings
  3. More than 20 bond defaults have been confirmed this year