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China Is Building Its Future on Credit

Jul 20, 2016 | 09:00 GMT
China Is Building Its Future on Credit
The share of loans issued by state-backed banks in China has risen, as has the amount of money they have loaned out. Beijing's strategy makes sense as the economy sputters, but it raises some long-term questions.
(WANG ZHAO/AFP/Getty Images)

As China tries to overcome slowdowns in its industrial and trade sectors, the country's banks have continued to increase the pace of lending, issuing 1.38 trillion yuan ($205.8 billion) worth of loans in June. The figure confirms some economists' expectations that lending will keep rising as China's central government attempts...

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