China may be a nation of savers, but it is becoming a nation of spenders, too. In the past decade many middle-class Chinese have grown accustomed to borrowing money for everything from property to basic expenses. As a result, household debt is soaring and millions of people are defaulting on their loans.
In the second episode of a two-part series, we’re asking Chinese families, young professionals and business owners about their money troubles. This week, Jiehao Chen, The Economist’s China researcher, and James Miles, our China writer-at-large, explore why so many Chinese people are struggling with their repayments.
Transcripts of our podcasts are available via economist.com/podcasts.
Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.
For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
","author_name":"The Economist"}