China and the United States have led the increase of global debt that could hit a record US$255 trillion at the end of 2019, imposing potential risks on countries with slowing growth, according to the Washington-based Institute of International Finance.The world’s largest two economies contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, according to the Institute of International Finance. The overall debt load – including both financial and…


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