How China Is Getting Serious About Financial Risk
Chinese leaders pledged to make controlling financial risk a top priority. Their challenge is to do so without derailing the economy.
Chinese leaders pledged to make controlling financial risk a top priority. Their challenge is to do so without derailing the economy.
Chinese central bank data shows that consumer loans have grown almost 50 percent since the start of last year, and the International Monetary Fund said it expected China’s household debt as a percentage of its economic output to double by 2022...