China Household Debt Cause for Serious Concern

ArticleDebt crisisAugust 18, 2017 - 3:38:26 AM

While there is much concern among the public about China’s local government debt and corporate debt, which are considered key sources of risk, the rising household debt and the consequent liquidity constraint should not be underestimated.

For a long time the importance of household debt has been ignored given the relatively small proportion of household debt to China’s total debt, Xinhua reported.

Source : FinancialTribune

On the same subject