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China's record consumer defaults undermine Beijing's spending boost efforts
China's non-performing household debt surges past 2.22 trillion yuan as 100 million consumers default, creating a vicious cycle undermining Beijing's
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straitstimes.com
China’s record consumer defaults undermine Beijing’s push to boost spending
Banks balk at Beijing's push for more lending amid rising bad loans. Read more at straitstimes.com. Read more at straitstimes.com.
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economictimes.indiatimes.com
China's record consumer defaults undermine Beijing's push to boost spending
Chinese banks are reluctant to increase lending as bad loans rise. The government wants borrowing to boost consumption and economic growth. However, only those with poor credit…
