Rising Household Debt May Weigh on Medium-Term Chinese Growth
Chinese household debt has continued to rise rapidly, reaching 85% of disposable income at end-2018, Fitch Ratings says in a report published today. Rising debt servicing costs do not pose near-term risks to financial stability, but will weigh on economic growth in the medium term and this is reflected in our latest GDP forecasts. Chinese … Continue reading “Rising Household Debt May Weigh on Medium-Term Chinese Growth”