China's stands at 84 percent, buoyed by debt-driven growth in the 2010s and a housing market crunch that heavily indebted local governments. London-based global advisory firm Oxford Economics estimates the Chinese economy's potential growth could be cut roughly in half by the 2050s.

Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.

Air Canada said it suspended plans to restart operations on Sunday after the union representing 10,000 flight attendants said it will defy a return to work order.

China's latest economic data indicates a slowdown, with key indicators missing forecasts. Industrial production rose by 5.7% in July, a decrease from the 6.8% gain in June and below the expected 5.9%.

China’s first contraction in outstanding loans since 2005 has crystallized worries about a deepening downturn for the world’s second-largest economy.

The country could see its potential economic output halved by mid-century amid a flagging birthrate and aging workforce.

As China’s economy slumps, huge warehouse stores full of used luxury bags and shoes are enabling 20-somethings to keep up appearances without breaking the bank.

Chinese aid has funded East Timor’s presidential palace, foreign ministry and military headquarters, and Chinese state-owned companies built and currently control the national power grid and its major port.