Chinese Household-Debt Levels Reach Record High

Household debt in China rose to a record high in 2017, putting another hole in the armor of the world’s second-biggest economy.

Residential buildings under construction, in Huai'an City, Jiangsu Province, China, on July 16, 2018. VCG/Getty Images

Household debt in China rose to a record high in 2017, putting another hole in the armor of the world’s second-biggest economy.

The data supports Beijing’s official policy this year, which aims to deleverage at all phases of the economy and stabilize real estate prices.