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
Topic |
China economy
Despite the government’s concerns about rising debt levels, Chinese consumers continue to pump their money into property. Photo: Reuters
At a meeting on Wednesday chaired by Governor Yi Gang, the People’s Bank of China said the international economic and financial environment remained complex. Photo: Reuters
China’s central bank eyes ‘noticeable decline’ in interest rates to help drive growth
- People’s Bank of China says it will ‘make flexible use of multiple monetary tools to maintain reasonably ample liquidity … deepen interest rate liberalisation’
- Credit support for private firms will be ‘in line with their contribution to the economy and society’, it says
Topic |
China economy
At a meeting on Wednesday chaired by Governor Yi Gang, the People’s Bank of China said the international economic and financial environment remained complex. Photo: Reuters