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’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

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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
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