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Rising loan costs cast shadow over GDP

Updated: 2014-02-11 07:17
By Zheng Yangpeng ( China Daily)

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.

Rising loan costs cast shadow over GDP

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