{"id":64220,"date":"2025-08-13T15:00:20","date_gmt":"2025-08-13T15:00:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/64220\/"},"modified":"2025-08-13T15:00:20","modified_gmt":"2025-08-13T15:00:20","slug":"cash-trapped-part-2-drowning-in-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/64220\/","title":{"rendered":"Cash-trapped (part 2): drowning in debt"},"content":{"rendered":"<p data-component=\"paragraph\" class=\"css-1l5amll e1y9q0ei0\">China may be a nation of savers, but it is becoming a nation of spenders, too. In the past decade many middle-class Chinese have grown accustomed to borrowing money for everything from property to basic expenses. As a result, <a href=\"https:\/\/www.economist.com\/china\/2025\/07\/07\/why-so-many-chinese-are-drowning-in-debt?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=drumtower&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners\" rel=\"nofollow noopener\" target=\"_blank\">household debt is soaring<\/a> and millions of people are defaulting on their loans.<\/p>\n<p data-component=\"paragraph\" class=\"css-1l5amll e1y9q0ei0\">In the second episode of a two-part series, we\u2019re asking Chinese families, young professionals and business owners about their money troubles. This week, Jiehao Chen, The Economist\u2019s China researcher, and James Miles, our China writer-at-large, explore why so many Chinese people are struggling with their repayments.<\/p>\n","protected":false},"excerpt":{"rendered":"China may be a nation of savers, but it is becoming a nation of spenders, too. In the&hellip;\n","protected":false},"author":2,"featured_media":64221,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,891,1294,56,54,55],"class_list":["post-64220","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-china","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/64220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=64220"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/64220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/64221"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=64220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=64220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=64220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}