A debt rollercoaster: Credit growth in China is causing jitters

Jul 20, 2017
Print section Print Rubric:  Reining in credit growth may not be as scary as some people fear Print Headline:  The debt rollercoaster Print Fly Title:  The economy UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  A debt rollercoaster Location:  HONG KONG Main image:  20170722_CNP002_0.jpg “COASTER through the Clouds” in Nanchang, a city in the southern province of Jiangxi, is China’s tallest and fastest rollercoaster (see picture). It carries terrified customers up to heights of 78 metres and down again at speeds reaching 130kph. The ride towers above an amusement park built by Dalian Wanda, a Chinese property-and-entertainment conglomerate, which has aspired to outdo Disney’s resort in Shanghai. But this month the group said it was selling 13 such projects and ...

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