BEIJING: Moody’s Investors Service warned that the financial risks facing China from a potential property downturn have grown as record lending has made banks more risk-prone while the government is less able to combat those risks.
China extended a record 12.65 trillion Chinese yuan (US$1.84 trillion) of loans in 2016 to support economic growth, half of which was household loans – mostly mortgages – sending new home prices to five-year highs in the year.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
