By the end of last year, China’s average household debt as a percentage of disposable income had reached a record high of 130.9 per cent. Photo: AP
By the end of last year, China’s average household debt as a percentage of disposable income had reached a record high of 130.9 per cent. Photo: AP

Could China’s rising household debt threaten Beijing’s consumer-led growth vision?

  • By the end of last year, China’s household debt as a percentage of disposable income had reached a record high of 130.9 per cent
  • Servicing loan payments is eating up disposal income that could otherwise be used to buy goods and services to support the economy

Topic |   China's economic recovery
By the end of last year, China’s average household debt as a percentage of disposable income had reached a record high of 130.9 per cent. Photo: AP
By the end of last year, China’s average household debt as a percentage of disposable income had reached a record high of 130.9 per cent. Photo: AP
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