But since mortgage banks granted deferred-amortisation loans right up to the LTV ratio of 80 per cent in the boom years with soaring housing prices, it is hardly surprising that some homeowners now find that their properties cannot sustain the loans. This has triggered a debate on whether it is necessary to take steps to expand the existing framework for prolonging deferred-amortisation loans.
Asian economies provided approximately 40% of global growth in 2011 and their share in global exports was more than 30% in 2011. This, however, did not mean they were immune from the slowdown of the European economy. Weakness in Europe has impacted Chinese exports, and through the regional supply chain, exports and growth have been impacted broadly throughout Asia.