Latest Industrial & Commercial Bank of China News & Updates

Millions of Chinese Consumers Struggle with Personal Debt, Posing Economic Challenges

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New Delhi, June 18 (IANS) About 100 million Chinese consumers are struggling to repay personal debt, highlighting a growing financial strain that could undermine Beijing’s efforts to revive domestic consumption and support economic growth, according to multiple reports.Reports — citing Gavekal Dragonomics — claimed that non-performing household debt in China rose 21 per cent year-on-year to a record 2.22 trillion yuan (about $329 billion) in 2025.The estimates suggest that around 10 per cent o…