The increase in leverage and debt was most prominent in the consumer sector. Consumer debt as a percent of personal income generally has been rising since the 1950s (Chart 6). However, it began a rapid acceleration in 2000, rising from 76 percent to 110 percent by the end of 2007.
The Progress Thus Far in Financial Support for BRI First, the funding support system has been improved and financing has become increasingly market based and diversified. According to our statistics, Chinese financial institutions have provided more than $ billion for BRI, among which, more than RMB320 billion were channeled through RMB Overseas Fund Business.