| 'There is no doubt that a calamity or a problem in China would have very serious repercussions for the global economy,' says IMF director. China could be heading for a financial crisis due to the level of financial and corporate debt, the International Monetary Fund (IMF) has warned.
Markus Rodlauer, deputy director of the IMF's Asia-Pacific department, said the level of debt in the Chinese economy was on an "unsustainable path", adding that a financial problem in China would have "very serious repercussions" for the global economy..............................................Full Article: Source
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