China warned against credit-driven stimulus

By The Manila Times

Jul 28, 2018 12:27 am

BEIJING: China must resist taking aggressive stimulus steps as it navigates troubled economic waters as they could add to excessive debt levels leading to an “abrupt adjustment”, the International Monetary Fund said Friday.

A street cleaner takes a break to look at his mobile phone on a sofa in an alley in Beijing on July 27, 2018. AFP PHOTO

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