China risks falling into a vicious cycle of deflation and debt, Morgan Stanley economist says

China risks falling into a vicious cycle of deflation and debt, Morgan Stanley economist says

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China's President Xi Jinping attends a welcoming ceremony for Italian President Sergio Mattarella (not in picture) at the Great Hall of the People in Beijing, China February 22, 2017. REUTERS/Jason Lee China's deflation pressures debt levels higher, which lowers consumer spending, Morgan Stanley's…

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