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Biggest challenge for China now is the debt crisis ,not US-China trade war

出自香港新聞網 - 樹仁新傳系學生實習習作

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Reported by Ho Ching Man 8 October 2019

Alex Fan, Vice Chairman of Money Magazine (China), expressed that both internal and external debt crisis were more urgent to China than the Us-China trade war.

Speaking from a talk in Hong Kong Shue Yan University, Fan pointed out that China got into debt about 168 billion RMB, in which per citizen was in 12 million debts in average. ‘For internal debts, China can deal with it by printing banknotes temporarily.’

Fan added that Hong Kong still being an irreplaceable financial center, transit port in Southeast Asia and this would provide support to China in the trade war.

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