Posted inChina

Economist says residents’ leverage ratio should be capped

The leverage ratio of Chinese residents continues to rise, hitting  52.2% in the third quarter of 2018 from 49% in 2017, with an accumulated debt totalling approximately 46.2 trillion yuan, The Paper reported. “The residents’ leverage ratio can no longer be raised,” warned Li Yang, chairman of the National Institution for Finance & Development. “(The authority) […]