Can China’s debt problem be solved?
It's one of the biggest factors affecting the country's economy
Business Daily · BBC World Service
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Show Notes
As China’s Communist Party conclave gets underway, we take a look at one of the biggest things affecting the country’s economy; debt.
2024 saw an estimated 25 - 34 million people default on their personal loans while household debt has now reached more than 60% of GDP.
With the government using subsidies and handouts to get people spending, can China’s debt problem be solved?
Presenter: Ed Butler Producer: Matt Lines
(Image: Diners in Shanghai, China during Golden Week, 2024. Credit: Getty Images)