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Could China’s rising household debt threaten Beijing’s consumer-led growth vision?

Summary:
[unable to retrieve full-text content]This is the fourth part in a series of stories looking at China’s economic outlook in the second half of 2021 as it continues its recovery from a coronavirus-hit 2020.Since May, Jane Zeng has had countless sleepless nights after her husband told her how deep the family was in debt.Zeng’s husband has steadily taken out credit over the past few years, including a loan to purchase a 70-sq-metre three-bedroom flat and two condos in Shenzhen, and a second mortgage on their properties to finance…

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[unable to retrieve full-text content]
This is the fourth part in a series of stories looking at China’s economic outlook in the second half of 2021 as it continues its recovery from a coronavirus-hit 2020.Since May, Jane Zeng has had countless sleepless nights after her husband told her how deep the family was in debt.Zeng’s husband has steadily taken out credit over the past few years, including a loan to purchase a 70-sq-metre three-bedroom flat and two condos in Shenzhen, and a second mortgage on their properties to finance…

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