Business · Economy · 2 hrs ago

Falling consumer credit raises concerns about China’s economy

Falling consumer credit raises concerns about China’s economy

Consumer credit is falling in China, raising a warning sign about the country’s economy.

Consumer credit is borrowing by individuals, though no figures or details are provided here.

The story also points to a crackdown on aggressive debt collectors in China.

That crackdown is described as good news for people facing aggressive collection.

It is also presented as having a downside, but the details are not specified.

The available information does not say what happens next.

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The Economistpublication
A crackdown on aggressive debt collectors is good news and bad news
via The Economist