Thursday, November 23 2017

August 16, 2017

IMF warns China over growth in debt on a dangerous path

International Monetary Fund warned China’s massive debt is on a “dangerous” path, raising the risk of a sharp slowdown in growth.IMF warned many times China over its ballooning debt, said in a new report that the world’s second largest economy must turn toward a sustainable growth path.The IMF recommended that Beijing press on with reforms to further boost consumption. “China has the potential to sustain strong growth over the medium term,” the report said.