CHINA TOPIX

IMF Tells China to Manage ‘High’ Corporate Debt Immediately

Rina S.   |

Jun 11, 2016 07:57 PM EDT

The International Monetary Fund (IMF) has raised concerns about China's spiraling corporate debt and the associated potential risks. China is currently struggling to reverse a declining growth rate while its total debt and corporate debt is increasing. Banks are also being forced to carry high non-performing loans as companies are struggling to turn profits.