China's increasing debt.

For several years, strong GDP growth figures have concealed China's high levels of debt, which threaten their economy as well as global economic stability. The significant increase in debt compared to the GDP is similar to the increase experienced by Japan and the U.S. before their financial turmoil. China has been described as a debt junkie, demanding more credit to maintain its growth.

A worrying economic event recently took place and went almost unreported. China had its first...

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