China’s debt was 304% of GDP in Q1

123530
China's debt showed significant growth in the first quarter. It increased to 304% of GDP according to the data of the International Institute of Finance. In the corresponding quarter of last year, China’s debt burden amounted to 297% of GDP. The total amount of the country's debt exceeded 40 trillion dollars, which is almost 15% of global borrowing. Chinese household debt increased in the first quarter to 54% of GDP. Public debt increased to 51% of GDP. In the first half of this year, Chinese banks issued new loans totaling 9 trillion 670 billion yuan or 1 billion 400 million dollars.

 

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: