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Chinese debt is on an 'unsustainable path'

Credit growth in China is on an "unsustainable path" and will need to be reined in to avoid a financial crisis, according to the International Monetary Fund. Markus Rodlauer, deputy director of the IMF's Asia-Pacific unit, said borrowing levels were "dangerous," in an interview with The Telegraph. "The level of financial and corporate debt and the complexity of the financial system and rapid growth in shadow banking is on an unsustainable path," Rodlauer said.
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