China’s economy: at a dead end, 900M people in debt, half can’t pay back

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China’s economy: at a dead end, 900M people in debt, half can’t pay back
According to Nielsen statistics, the debt rate among young people in China is as high as 86.6%. The young people mentioned here refer to people aged 16 to 59. In other words, in this group, at least 8 out of 10 people are in debt, with those born in the 1980s and 1990s accounting for the majority. Not only is the debt rate high, but the debt amount is also huge.

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