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’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

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
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