gāo高zhài wù债务xià下，zhōng guó中国jīng jì经济zěn me怎么zǒu走？
China's governments, businesses, and households are borrowing more and more money.
Local governments are under especially great pressure because, after the real estate market weakened, their income from land sales and taxes fell, while they still have to repay debt and pay interest.
High debt also makes it harder for the government to find money to develop the economy.
However, most of China's debt is in renminbi and mainly comes from within the country, so a serious financial crisis may not necessarily occur in the short term.
Facing slow economic growth, low prices, and people's reluctance to spend money, some economists suggest that the central government borrow more and use the funds for education, healthcare, and social security.
In this way, people may feel more confident about the future and may be more willing to spend.
Other experts worry that borrowing too much could bring greater risks and could also send money into factories that are not needed, creating too many goods and forcing companies to compete by cutting prices.
Therefore, the government needs to control debt while supporting projects that are truly useful.
In the future, China's economy may need to rely less on real estate and large-scale investment, and develop consumption and the service sector more.