IMF urges China to reduce corporate debt risk made worse by heavy pandemic lending




The International Monetary Fund on Tuesday urged China to further address its high corporate debt levels that have resulted from the easy monetary policy put in place during the coronavirus pandemic. The IMF, while applauding the Chinese government’s swift public health measures, said it did so at a cost.“China, of course, has re-emerged from the crisis more quickly than any other country. The measures that were taken were very quick and very effective,” said Tobias Adrian, financial counsellor…