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China Growth Decouples From Credit, With Global Implications

  • Structural shifts reduce role of credit-intensive sectors
  • Property investment could withstand credit contraction
Views of Shanghai as IMF Says China's Complex Fiscal System Needs 'Crucial' Overhaul
Photographer: Qilai Shen/Bloomberg
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Chinese manufacturer Lou Zhongping is being bombarded with offers of new loans from banks and government officials, attention that he says is finally coming to smaller businesses like his own.