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China Should Control Rise in Individual Debt: Daily

CHINA PRESS
MNI (Sydney)

China should curb the rapid rise of personal debt levels after the overall macro leverage ratio ballooned 270.1% this year to the end of Q3, up 24.7 percentage points from the end of 2019, the Economic Information Daily wrote citing data from the National Institution for Finance and Development. China should increase alternative housing supply to stabilize home prices and stop surging mortgage debts, wrote the newspaper. Consumer demand shouldn't be at the expense of surging consumer debt, the Daily wrote, and China should improve healthcare, living support and other aspects of the social safety net.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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