Customers check the 4K smart TVs and Internet TVs at a home appliances store in Changzhou city, east China's Jiangsu province. Photo: VCG

China’s household debt has grown so much that trade war stimulus is largely ineffective, study shows

  • Chinese consumer debt-to-income ratio rose to 92 per cent at the end of last year, up from only 30 per cent in 2008, according to the Institute of International Finance
  • The ratio is higher than the 86 per cent in Germany and close to the levels of 97 per cent in the United States and 100 per cent in Japan
Topic |   China economy

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Customers check the 4K smart TVs and Internet TVs at a home appliances store in Changzhou city, east China's Jiangsu province. Photo: VCG
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