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CHINA PRESS: Household lending should not be further expanded sharply, as the
high leverage ratio of Chinese residents has become an increasing risk, said The
Paper on Wednesday night citing Li Yang, the chairman of National Institution
for Finance & Development(NIFD).
- The leverage ratio among residents has increased to 52.2% in the third quarter
of 2018, from 49% in 2017, with the total debt by households increasing to
CNY46.2 trillion, The Paper said.