‘Punishing’: Newcastle student union slams study debt change … – Newcastle Herald

The University of Newcastles student union says the federal government would be punishing students by lowering the threshold for uni loan repayments. But federal education minister Simon Birmingham says taxpayers are footing a bill of about $50 billion in student loans and something needs to change. Under the new law, graduates would have to start repaying their Commonwealth-funded student…

China’s shadowy debt problem leaves local governments perilously exposed to a property downturn, NAB says – Business Insider Australia

Analysts at NAB remained concerned about the buildup of excessive leverage in Chinas opaque financial system. In particular, they said a troubling debt buildup at the local government level leaves China particularly exposed to any property downturn. NAB said the issue has been lingering since 2013, after local governments used debt to carry out an…