You are here

China saddled with an unwieldy debt load

The authorities are concerned about the intensifying risk of corporate defaults, particularly in the unregulated "shadow finance" sector

BT_20170221_KVPBOC21_2753234.jpg
The abundance of cheap cash meant, for instance, the cost of garlic jumped 80 per cent last year on speculation.

Beijing

CHINESE banks lent more money in January alone than the annual GDP of South Africa, as borrowers rushed to take advantage of government policies intended to stimulate the economy with easy credit.

But the free-for-all has had unintended consequences, creating a tottering

sentifi.com

Market voices on:

Powered by GET.comGetCom