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