China Debt

China's economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years

More bad loans are expected to come to market as China attempts to clean house and cut off overburdened borrowers

Average defaulted bond of China is now almost 1 billion yuan ($156 million), twice the size three years ago

China's debt pile growing fast despite years of efforts to contain it

Therefore, IMF urged China to pursue structural reforms