Although China has traditionally been known as a nation of savers, the country’s banking watchdogs have raised the alarm about a sharp rise in household borrowing. Photo: Reuters Although China has traditionally been known as a nation of savers, the country’s banking watchdogs have raised the alarm about a sharp rise in household borrowing. Photo: Reuters
Although China has traditionally been known as a nation of savers, the country’s banking watchdogs have raised the alarm about a sharp rise in household borrowing. Photo: Reuters
China

China’s banking watchdogs set sights on rising household debt problem

Sharp increase in borrowing to fund consumer spending, property purchases and investments ‘very risky’, regulator says

Topic |   China's Two Sessions 2018
Maggie Zhang
Maggie Zhang

Updated: 11:16pm, 10 Mar, 2018

Why you can trust SCMP
Although China has traditionally been known as a nation of savers, the country’s banking watchdogs have raised the alarm about a sharp rise in household borrowing. Photo: Reuters Although China has traditionally been known as a nation of savers, the country’s banking watchdogs have raised the alarm about a sharp rise in household borrowing. Photo: Reuters
Although China has traditionally been known as a nation of savers, the country’s banking watchdogs have raised the alarm about a sharp rise in household borrowing. Photo: Reuters
READ FULL ARTICLE