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#1
27-11-2016, 03:10 PM
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Chitchat When China catches a cold, the world gets a flu?
An honorable member of the Coffee Shop Has Just Posted the Following:
Global economic collapse coming your way? Or it is just western media trying to screw China? China | The Guardian China's property frenzy and surging debt raises red flag for economy by Agence France-Presse / Today, 7:52 AM Outstanding loans have risen sharply to 40% of GDP but analysts fear the end of the credit binge could trigger a crisis for the wider world Chinese household debt has risen at an “alarming” pace as property values have soared, analysts have said, raising the risk that a real estate downturn could wreak havoc on the world’s second largest economy. Loose credit and changing habits have rapidly transformed the country’s famously loan-averse consumers into enthusiastic borrowers. Related: 'This is just the start': China's passion for foreign property Related: How Australian households became the most indebted in the world Continue reading... Click here to view the whole thread at www.sammyboy.com. 
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