China's external debt crossed $751 bn in March, even as debt ridden local governments have been barred from issuing bonds directly to raise...

The observation came as China's revenue earnings grew slower than expected in the first two months of this year.

Some of the official think tanks warned that it can land China in financial crisis if it is not handled on priority basis.

China has increased the bank reserve requirement ratio for the seventh time in the recent months to curb inflation.