IMF raises concern over China's credit boom, terms it 'dangerous'

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} The IMF has raised concerns over China's credit boom which has more than doubled in less than a decade, saying this can be "dangerous" for the world's second largest economy.

"China is a key contributor to global growth but also has notable vulnerabilities. Credit in relation to China's economy has more than doubled in less than a decade, to over 200 per cent. Credit booms this big can be dangerous," Tobias Adrian, Financial Counsellor and Director, International Monetary Fund (IMF) Monetary and Capital Markets Department said yesterday.document.write(""); googletag.cmd.push(function() { googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop', 'div-gpt-ad-1490771277198-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().enableSyncRendering(); googletag.enableServices(); });

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