Excessive credit growth in
China is signaling an increasing risk of a banking crisis in the next three
years. An early warning of financial overheating ‒ the credit-to-GDP gap ‒ hit
30.1 in China in the first quarter of this year. China’s indicator is way above
the second highest level of 12.1 for Canada and the highest of the countries
assessed by Bank for International Settlements (BIS).
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