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China's ballooning debt heightens deflation risks
EEconomy

China’s ballooning debt heightens deflation risks

  • December 27, 2025

20251226N condo showroom

Miniature condominiums are put on display at a showroom in Zhengzhou, China. Consumers have slowed housing purchases amid a weak economy. (Photo by Kentaro Shiozaki)

KENTARO SHIOZAKI

December 27, 2025 05:03 JST

BEIJING — China’s debt is more than three times the size of the economy, and the country’s economic slowdown threatens to drive up that load.

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