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IMF calls out China debt problem – CSOP FTSE China A50 ETF (NYSEARCA:AFTY)

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China is looking good enough that the IMF is raising its growth outlook, but the organization is doing so with a strong warning over growing debt in the world’s second-largest economy.

It forecasts non-financial debt in the country to hit around 300% of GDP in five years, but raised China’s GDP forecast from 6.2% to 6.7% for 2017.

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