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Surging home loans in China raise alarm over household debt
Published Mon, Nov 28, 2016 · 09:50 PM
Beijing
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 shock waves 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.
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