Despite the government’s concerns about rising debt levels, Chinese consumers continue to pump their money into property. Photo: Reuters
Despite the government’s concerns about rising debt levels, Chinese consumers continue to pump their money into property. Photo: Reuters

China to survey 30,000 households about debt levels as financial risks continue to rise

  • Study will provide government with a clearer picture of people’s repayment capabilities and could influence future macroeconomic policy decisions, lender says
  • Ratio of household debt to gross domestic product rose by 2.1 percentage points in first six months to 55.3 per cent, think tank says

Despite the government’s concerns about rising debt levels, Chinese consumers continue to pump their money into property. Photo: Reuters
Despite the government’s concerns about rising debt levels, Chinese consumers continue to pump their money into property. Photo: Reuters
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