Worse Than the Bottom! China's Rich & Middle Class: Overnight Becoming Debtors or Defaulters

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Hello, this is China Deep Dive. We have all the information you need to know about China at present. Today's topic is:
You can never see the economic risks of this country from the official statistics of the Chinese Communist Party. The CCP claims that the non-performing loan rate of Chinese households is "less than 3%", lower than the 4.8% in the United States. This means that all risks are controllable. However, on June 17th of this year, Bloomberg reported that by the end of 2025, among China's 1.1 billion adult population, as many as 10.6%—about 110 million people—are already in debt default, with accumulated personal non-performing loans exceeding 2.22 trillion yuan. In this episode, we focus on the more than 100 million people burdened with heavy debt.
Worse Than the Bottom! China's Rich & Middle Class: Overnight Becoming Debtors or Defaulters

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