Shoppers visit a retail district in Beijing on November 10, ahead of Singles' Day. Photo: AP
Opinion
Opinion
Macroscope
Are China’s spenders borrowing their way into economic trouble? Far from it, actually
- China’s household debt is less worrying than it looks. International comparisons show it is at a sustainable level in relation to GDP. Furthermore, young Chinese people are proving to be sensible consumers who are still saving
Shoppers visit a retail district in Beijing on November 10, ahead of Singles' Day. Photo: AP