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Financial Strains in the “New” China C.P. Chandrasekhar
Financial Strains in the “New” China C.P. Chandrasekhar

... the tune of 3 billion yuan, the product proved a dud because it was backed by loans to a coal mining company that went bust. Yet the investors were bailed out by intervention to make good the loan with only interest for the third year reportedly shaved off. According to the Financial Times, Moody’s ...
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< 1 ... 104 105 106 107 108 109 110 111 112 ... 117 >

Household debt



Household debt is defined as the amount of money that all adults in the household owe financial institutions. It includes consumer debt and mortgage loans. A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012. Several economists have argued that lowering this debt is essential to economic recovery in the U.S. and selected Eurozone countries.
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