China’s private sector contributed more than 60 per cent of the nation’s gross domestic product growth in 2017. Photo: Handout

China’s bad debts may worsen if growth falters below 6 per cent, warns US rating agency

  • Moody’s estimates China’s gross domestic product growth will be 6 per cent in 2019
  • Beijing has launched a series of measures to offset the trade war with the United States in a bid to boost growth and aid its slowing economy
Topic |   China economy

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China’s private sector contributed more than 60 per cent of the nation’s gross domestic product growth in 2017. Photo: Handout
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