IMF warns on China’s credit boom

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EPA

The International Monetary Fund has warned that China’s credit growth is on a “dangerous trajectory”.

In a new report, the IMF says there is an increasing risk of a “disruptive adjustment ” and/or a marked slowdown in economic growth”.

The agency calls for decisive action to deflate the credit boom smoothly.

Without the boom, the report suggests, China’s recent economic expansion would have been significantly slower.

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