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This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook …
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The fast expansion of China’s debt, in particular corporate and local government debt, has attracted international … attention and has also become a major concern of China's policy makers. Even though China can tolerate a higher debt level than … decades to withstand a higher debt level have also been weakened. This paper reviews the evolution of China's debt built …
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