China, Socionomics, Politics, technical Analysis and more...
Join Twetch for censorship resistant social media powered by Bitcoin...Take Me To The Charts
Categories
▼
2009-09-23
Chinese credit, real estate in trouble
Credit card debt on which payments are delayed by six months or longer totalled 5.8 billion yuan at the end of June, up 131.3 percent year-on-year and up 16.2 percent from the end of March, the People's Bank of China said in a Sept. 16 statement. Credit card payments are closely watched during weak economies for signs of distress among consumers. At the end of June, about one Chinese out of eight owned a credit card, the statement said.
Elsewhere:
In Shanghai, sales in the second week of September fell 10 percent week-on-week, while supply rose 84 percent, according to property consultants Centaline China. In Guangzhou, sales dropped 30 percent in the second week of September, while supply grew by 73 percent, Centaline said.
No comments:
Post a Comment