China’s household leverage ratio surged to 49 per cent at the end of last year, from 17.9 per cent at the end of 2008. Photo: AFP China’s household leverage ratio surged to 49 per cent at the end of last year, from 17.9 per cent at the end of 2008. Photo: AFP
China’s household leverage ratio surged to 49 per cent at the end of last year, from 17.9 per cent at the end of 2008. Photo: AFP
China economy

Famous for hoarding cash, Chinese families are now racking up debt on an unprecedented scale

But they still have far more savings than debts, according to researchers

Topic |   China economy
China’s household leverage ratio surged to 49 per cent at the end of last year, from 17.9 per cent at the end of 2008. Photo: AFP China’s household leverage ratio surged to 49 per cent at the end of last year, from 17.9 per cent at the end of 2008. Photo: AFP
China’s household leverage ratio surged to 49 per cent at the end of last year, from 17.9 per cent at the end of 2008. Photo: AFP
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