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China’s current property boom is adding to the concerns over how to manage the country’s bad debt problem

C
hinese media have estimated that real estate speculators are spending close to 40 percent of their annual income on debt repayment, a higher debt-income ratio than seen at the peak of the U.S. market.
6 months ago
Sky Canaves
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.
China in 2 minutes a day
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