ABU DHABI/WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the ...
Read More »Alarming surge of household debt in China
AFP Chinese household debt has risen at an “alarming†pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shockwaves through the world’s second largest economy. Loose credit and changing habits have rapidly transformed the country’s famously loan-averse consumers into enthusiastic borrowers. Skyrocketing real estate prices in major Chinese cities in ...
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