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Economy

China's debt mountain scales new heights on trade war stimulus

Cities and banks urged to push infrastructure, sending liabilities soaring again

Workers construct a speed skating rink for the 2022 Winter Olympics in Beijing. China has increased infrastructure work this year under a stimulus program.   © Reuters

BEIJING -- China's total public and private debt has reached new highs compared with the size of its economy, raising fears that Beijing's stimulus push will expand it even further.

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