Scale of Household Debt and Defaults

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)