"It's Been Crazy": Meet The Source Of China's Next Debt Crisis: Millennials With Credit Cards

Last October, when looking at the breathtaking growth in Chinese new debt, we pointed out the one segment where the danger was most acute: household debt, which in mid 2017 had surged by a whopping 43% in one year even as the growth across other debt categories was relatively stable.

 

In fact, as the next chart shows, Chinese households are on the verge of surpassing the nation's corporations as the biggest source of credit demand.

 

Read more here...

 

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