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Economy

China's private-sector debt poses crisis risk, Japan report says

Credit-to-GDP gauge signals possibility of panic within 3 years

China's 4 trillion yuan stimulus package, which included major infrastructure projects, has been blamed for pushing up the country's debt levels.   © Reuters

TOKYO -- Mounting private-sector debt in China poses a risk for the global economy, Japan's government wrote in a report published on Thursday.

The Cabinet Office report, based on data from the Bank for International Settlements, also noted high levels of corporate and household debt compared with gross domestic product in Canada.

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