Rising loan costs cast shadow over GDP
By Zheng Yangpeng | China Daily | Updated: 2014-02-11 07:17
Credit | Zheng Yangpeng
Surging borrowing costs are threatening China's economic growth this year, an economist from a top domestic think tank warned.
With growth momentum already slowing, Chinese enterprises will find their earnings increasingly insufficient to cover the cost of debt, with loan rates now exceeding 9 percent.
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