Posted inAT Finance, Beijing, China, France, India, Indonesia, Japan, Middle East, Northeast Asia, Philippines, South Asia, Thailand, United Kingdom, Vietnam, World

China’s latest bubble: household debt

China risks getting old before it gets rich. Like so many journalistic clichés, this misses the real story: how mainland households risk getting too indebted before getting rich or old. At about US$7 trillion, household debt is now a record 50% of gross domestic product. Not astounding compared with, say, France or Japan, both of […]