household

China’s Attempt to Stimulate Demand Faces Economic Hardships

7 months ago

China, currently facing economic challenges, is trying to take measures to boost domestic demand. However, these efforts are met with serious obstacles in the form of austerity and rising public discontent. Economic analysts emphasize that the government’s attempts to revive the economy often prove insufficient due to consumer uncertainty and declining confidence in economic reforms.

Debt Warning: Bank of Korea Holds Interest Rates at 3.5%

7 months ago

Last week, the Bank of Korea made a significant decision to keep interest rates unchanged at 3.5%. This decision signals potential risks associated with the rising household debts in the country. The head of the bank, Rhee Hee-Lim, emphasized that the current financial situation requires close attention, considering that household debt levels in South Korea have reached record highs.