The coronavirus pandemic is taking lives and ravaging economies around the world. Photo: AFP

Coronavirus: a global consumer default wave is just getting started in China

  • Overdue credit-card debt in China rose by about 50 per cent in February, bank executives say
  • Issues in world’s second-largest economy ‘are a preview of what we should expect throughout the world’, says research fellow at the Peterson Institute for International Economics in Washington
Topic |   Coronavirus pandemic
The coronavirus pandemic is taking lives and ravaging economies around the world. Photo: AFP
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