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China careering towards a credit crisis, panellists warn

Elva Muk
The nation's financial system is under threat from over-leveraged cooperates and indebted local governments, a conference hears. It will be a key topic at November's plenary session.
China careering towards a credit crisis, panellists warn

China has to address its exorbitant levels of local government debt if it is to avoid a 2008-type credit crisis onshore, panelists warned at a conference last week.

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