Shoppers visit a retail district in Beijing on November 10, ahead of Singles' Day. Photo: AP
Jay Xiao
Opinion

Opinion

Macroscope by Jay Xiao

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
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