Famous for hoarding cash, Chinese families are now racking up debt on an unprecedented scale

But they still have far more savings than debts, according to researchers. Chinese families with their long tradition of saving money are now accumulating debt at a rate never been seen before, according to data compiled by a state-backed think tank in Beijing. But the National Institution for Finance and Development also said mounting debt was not a concern because Chinese … http://bit.ly/2Je0KNM

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