Economics
China Finds Debt Addiction Hard to Break in Growth Quest
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China’s leaders are having trouble breaking their addiction to debt-fueled investment.
Outstanding credit rose to 206.3 percent of gross domestic product last quarter from 202.1 percent in January-to-March, according to data compiled by Bloomberg from government releases the past two days. Investment in fixed assets, a typical outlet for loans, accelerated in June for the first time since August.