A record 8.5 million Chinese borrowers are now blacklisted for not paying their debts, a report says. They're feeling the same financial pressures as Americans.

• A record 8.54 million Chinese borrowers are blacklisted for not paying their debts, the FT reported.
• The restrictions on them could weigh on consumer demand and the country's economic growth.
• US consumers are also feeling the squeeze from historic inflation and higher interest rates.

A record 8.5 million Chinese borrowers – about 1% of the country's working-age adults – are blacklisted by their government for failing to pay their debts, the Financial Times reported on Sunday.