Shoppers with face masks walking out of a mall in Beijing as the pandemic shrinks the nation’s much-vaunted army of consumers. Photo: ReutersShoppers with face masks walking out of a mall in Beijing as the pandemic shrinks the nation’s much-vaunted army of consumers. Photo: Reuters
Shoppers with face masks walking out of a mall in Beijing as the pandemic shrinks the nation’s much-vaunted army of consumers. Photo: Reuters

China’s US$1 trillion consumer loan bubble is bursting as army of borrowers flinch under pandemic strain

  • Fuelled by a shift towards leveraged spending, China’s consumer finance expanded 10-fold in the past decade
  • Lenders now face a wave of delinquencies as businesses fold and job losses hit repayment ability
Topic |   China economy
Shoppers with face masks walking out of a mall in Beijing as the pandemic shrinks the nation’s much-vaunted army of consumers. Photo: ReutersShoppers with face masks walking out of a mall in Beijing as the pandemic shrinks the nation’s much-vaunted army of consumers. Photo: Reuters
Shoppers with face masks walking out of a mall in Beijing as the pandemic shrinks the nation’s much-vaunted army of consumers. Photo: Reuters
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