China needs to further tightenthe flow of credit in its economy and funnel lending intoeconomic activities that support real growth, InternationalMonetary Fund deputy managing direct David Lipton told reportersin Beijing on Wednesday. - From Reuters
BEIJING, June 14 China needs to further tighten the flow of credit in its economy and funnel lending into economic activities that support real growth, International Monetary Fund deputy managing direct David Lipton told reporters in Beijing on Wednesday.
After years of reliance on debt-fueled stimulus to meet growth targets, early warning indicators of a financial crisis in China are flashing red, economists at Nomura said in a note this week, echoing the warnings of others such as the Bank for International Settlements (BIS).
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