China’s non-performing household debt reaches a record 2.22 trillion yuan...

China’s non-performing household debt reaches a record 2.22 trillion yuan, exposing a growing consumer credit crisis. Nearly 100 million adults struggle to repay personal debt as property prices fall, tech lending expands, and job losses weaken household income. The debt burden reduces consumer spending, slows retail sales, and makes banks more cautious about new lending. China’s lack of a nationwide personal bankruptcy system leaves many defaulters facing blacklists and collection pressure. Regulators respond with limited credit amnesty, lower borrowing-cost orders, and tighter controls on online lenders.

Thursday, 18 June, 2026