From millionaire to million-yuan debtor/Debt nationwide: who took away their wealth?

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In April 2025, Chinese media reported that, according to data released by Chinese courts, the cumulative number of defaulters in China exceeded 16 million.
Later, the media revised the figures, generally reporting that as of May 16, 2025, there were 8.5683 million defaulters listed in China's official records.


From millionaire to million-yuan debtor/Debt nationwide: who took away their wealth?
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