People walk past a hoarding advertising a new housing project in Beijing. China’s banking regulator has expressed the need to control rising household debt levels, much of which is attributable to mortgage loans. Photo: AFP
China must bring household debt under control, banking regulator says
CBRC chief Guo Shuqing expresses concerns over consumer borrowing just months after central bank boss said there was nothing to worry about
Topic |
China economy
People walk past a hoarding advertising a new housing project in Beijing. China’s banking regulator has expressed the need to control rising household debt levels, much of which is attributable to mortgage loans. Photo: AFP