Workers at a steel plant in Jinan in Shandong province. Beijing is trying to reduce overcapacity in the industry, leading to massive job losses. Photo: Reuters

China propping up growth is fuelling soaring debt, IMF says

Beijing should stop shoring up unviable sectors of economy and concentrate on financial stability and minimising risks, according to international lender

Topic |   China economy

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Workers at a steel plant in Jinan in Shandong province. Beijing is trying to reduce overcapacity in the industry, leading to massive job losses. Photo: Reuters
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