What 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…



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