Schaeuble says Chinese growth "built on debt"

April 16, 2015 5:09 PM

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WASHINGTON, April 16 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Thursday that high debt levels remain a source of concern for the global economy, noting that growth in China appeared to be "built on debt".

In a speech at the Brookings Institution in Washington, Schaeuble said expansionary monetary policy and debt-financed fiscal policy had spawned the financial crises of the past decades and continued to weigh on global growth.

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