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1.Market Observations, 8.Was Sticky

5 June 2018 (AFR) – China’s debt crackdown to hurt emerging markets, says Fitch

(5 June 2018, AFR, p14, by Stella Qiu and Ryan Woo)

‘China’s debt crackdown is a key risk to the country’s economic growth and will have significant knock-on effects for the global economy, particularly emerging markets with high commodity dependence or close Chinese trade links, Fitch Ratings said. Beijing’s campaign to put a lid on debt could also lead to a sharp slowdown in business investment, Fitch said late on Sunday, forecasting that growth in the world’s second-biggest economy would slow to around 4.5 per cent over the medium term.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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