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A Problem China Cannot Outgrow

Dec 29, 2016 | 09:15 GMT
A Problem China Cannot Outgrow
Beijing appears to be on the verge of making a difficult choice: Sacrifice growth (and by extension, political support) to tackle Chinese debt head-on, or risk suffering the same debt-driven banking crisis seen in so many countries.
(SAM YEH/AFP/GettyImages)

Beijing is employing tried and true methods to slow ballooning corporate debt, but its changed circumstances make success far from certain....

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