China's government wants to boost domestic consumption. Credit is easy to come by. Public and corporate debt is already huge. Household debt has doubled over the past five years. Are these developments sustainable?
China's economy has revealed fresh signs of softness as the pace of investment has slowed to a record low. Stable figures for retail spending and production have done little to dispel fears of a cooling in the economy.
Japan pushes the Chinese aside for the first time since China became the world's second-biggest stock market in 2014. It is a sign of the escalating trade tensions with the US and a general slowing of growth.
High levels of corporate, government and household debt are undermining China’s financial stability, the IMF said in a report. It urged Beijing to halt credit-fueled growth and bulk up on banks' capital reserves.
China is angry at Standard and Poor's (S&P) following a downgrade of its creditworthiness by the ratings agency over concerns about the country's rising debt. S&P underestimated China's financial strength, Beijing said.
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