Business | Asian powerhouses at risk from credit binge, rising interest rates

Asian powerhouses at risk from credit binge, rising interest rates

World Bank says China, Malaysia, India, South Korea, Vietnam, Thailand, Cambodia and Turkey could face a rise in interest rates and subsequent debt problems; surge of lending to private sector in Southeast Asia in first half

October 25, 2017 1:37 PM (UTC+8)
Chinese banks extended 1.22 trillion yuan ($181 billion) in net new yuan loans in September, well above analysts' expectations. Photo: Reuters
Chinese banks extended 1.22 trillion yuan ($181 billion) in net new yuan loans in September, well above analysts' expectations. Photo: Reuters
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