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China's ballooning debt is a major threat to global financial stability, IMF warns

International Monetary Fund warns that China's ever-growing debt problem poses global financial stability challenges. "Credit growth has outpaced GDP growth, leading to a large credit overhang." Fund identifies three areas of "tensions" within the country's financial sector. China's ballooning levels of debt and dependency on credit to fuel growth continues to pose a major financial stability threat to the global economy, and could be the catalyst for the next crisis, according to the International Monetary Fund.
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