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Chinese Consumer Debt Threatens Growth, Stability

Video Credit: Wochit Business - Duration: 01:04s - Published < > Embed
Chinese Consumer Debt Threatens Growth, Stability

Chinese Consumer Debt Threatens Growth, Stability

With China's seemingly endless economic boom, household debt there has been rising over the past decade.

But economists at the Federal Reserve Bank of New York says that debt could put growth and financial stability at risks.

Beyond the second-largest economy, the situation could shed light on how credit booms in emerging markets may play out.

According to Business Insider, China's household debt-to-gross domestic product ratio is currently at around 50%.

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Chinese Consumer Debt Threatens Growth, Stability

CHINA OUT, MONDAY, APRIL 9, 2018, PHOTO




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