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SAN FRANCISCO: Ant Financial may have to re-tool its global ambitions after stiff U.S. opposition scuppered what would have been its largest overseas acquisition.
SO China would like a bit of foreign expertise after all.
BEIJING: China’s outstanding household consumer loans surged nearly 30% by end September from a year earlier, data showed on Friday, a day after its central bank governor issued a strong warning about the risks of rapidly rising debt.