As China Piles On Debt, Clients Are Seeking For A Bit Of The Action

Advertisement Continue reading the main storyTo be clear, most economists consider China’s consumer credit splurge to be a good thing.
Some economists also worry that consumer loans may be a backdoor way for bloated companies to maintain or even expand their capacity.
Home mortgages represent a majority of China’s new household loans by value, adding to a surge in real estate prices.
Chinese families are nowhere near the borrowing levels of spendthrift Americans, whose household debt is equal to more than three-quarters of the annual economic output of the United States.
Surging property prices have helped keep consumer spending high even as China’s growth has slowed, giving its economy a lift.

Read more on: