China’s latest bubble: household debt

Household borrowing is now a record 50% of GDP; not as big as some but the trajectory is troubling, because of the country's development level and consumption growth is increasingly debt-funded

April 28, 2018 12:31 PM (UTC+8)
People visit the Mercedes-Benz booth during the Auto China 2018 motor show in Beijing on April 26, 2018.  There are fears that the country's debt-funded consumption is unsustainable. Photo: Reuters / Jason Lee
People visit the Mercedes-Benz booth during the Auto China 2018 motor show in Beijing on April 26, 2018. There are fears that the country's debt-funded consumption is unsustainable. Photo: Reuters / Jason Lee
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