Go offline with the Player FM app!
How will China's credit binge end?
Manage episode 237946534 series 1897284
Hasty borrowing by Chinese consumers and corporates may leave the country's economy with a debt hangover.
That's the contention of independent China economist Andy Xie. Business Daily's Ed Butler asks him whether ordinary Chinese are carelessly running up huge debts without appreciating the consequences, and whether the rest of the world should be concerned.
And it's not just China. Most East Asian countries have seen a rapid rise in household debts in recent years. Among them is Vietnam, where journalist Lien Hoang of Bloomberg BNA explains that it is in large part a bi-product of the government's policy to introduce its citizens to the wonders of online banking.
(Picture: Chinese woman holding phone and credit card; Credit: RyanKing999/Getty Images)
1974 episodes
Manage episode 237946534 series 1897284
Hasty borrowing by Chinese consumers and corporates may leave the country's economy with a debt hangover.
That's the contention of independent China economist Andy Xie. Business Daily's Ed Butler asks him whether ordinary Chinese are carelessly running up huge debts without appreciating the consequences, and whether the rest of the world should be concerned.
And it's not just China. Most East Asian countries have seen a rapid rise in household debts in recent years. Among them is Vietnam, where journalist Lien Hoang of Bloomberg BNA explains that it is in large part a bi-product of the government's policy to introduce its citizens to the wonders of online banking.
(Picture: Chinese woman holding phone and credit card; Credit: RyanKing999/Getty Images)
1974 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.