SHANGHAI -- The International Monetary Fund on Friday said China should allow lenders overburdened by bad loans to be liquidated so economic growth can be sustained in the medium term.
China debt crunch
IMF says China needs a way to wind down troubled banks
Fund also warns 'decreasing quality' of corporate debt after annual consulation
In its annual consultation with China, the IMF cites a need for comprehensive restructuring, in line with international best practices, to liquidate weak banks. © Reuters
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