China's President Xi Jinping. Photo: AFP

After 70 years of economic progress, is China on the right road to achieve Xi Jinping’s ‘Chinese dream’?

  • China has evolved from an economic backwater into a world economic powerhouse under the Communist Party’s seven-decade rule
  • But the world’s second largest economy now faces numerous challenges, including the trade war with the United States
Topic |   China economy

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China's President Xi Jinping. Photo: AFP
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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

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