Source: China – South China Morning PostWhat is the nature of China’s debt?Broadly speaking, China’s debt can be divided into domestic debt and foreign debt.China’s domestic debt, denominated in yuan, consists of three components: corporate, household and government debt. Corporate debt includes borrowings by private sector and state-owned companies. Public debt is a combination of national and local government debt.Household debt is the combined debt of all people in a household, including consumer debt and mortgage loans.China’s…Read More