How China's Debt Curbs Could Start Weighing on the Economy
- Investment in infrastructure and property is seen decelerating
- Companies face higher financing costs as bond yields increase
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China’s sweeping deleveraging push is poised to inflict more pain next year.
Authorities tightening funding in financial markets and reining in excessive borrowing will likely deal a blow to investment in infrastructure and property, while soaring corporate funding costs may damp business expansion.