Is China Bubble the Next Financial Crisis?

At a time when consumers and governments in the U.S. and Europe have been trying -- with limited success -- to pare down or at least stabilize their debt burdens, China has been doing the opposite. Over the past five years, it has pumped more than $13 trillion of credit into its economy, in an effort to keep its growth rate up amid a weak global recovery.

The Chinese credit boom has rapidly turned the country into one of the developing world's most indebted.

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