The Ministry of Finance provides Government Debt in local currency. The National Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Central Government only.Related information about China Government Debt: % of GDP In the latest reports, China National Government Debt ...
By the end of last year, combined debt of central and local governments in China stood at 27.33 trillion yuan (about 3.96 trillion U.S. dollars), with the debt-to-GDPratio at around 36.7 percent, Xiao said, adding there won't be big changes in the ratio this year. Compared to interna...
By the end of last year, combined debt of central and local governments in China stood at 27.33 trillion yuan (about US$3.96 trillion), with the debt-to-GDP ratio at around 36.7 percent, Xiao said, adding there won't be big changes in the ratio this year. Compared to international ...
China’s official government debt as a proportion of GDP surged 19% last year as the authorities authorized billions of yuan of spending to help the economy recover from the impact ofthe Covid-19 pandemicand extended tax and fee cuts.
Liu said that risks are so far "generally controllable," as the ratio of China's government debt balance to GDP is lower than the internationally accepted warning line of 60 percent, and is also lower than the levels of major market economies and emerging market countries. ...
The following are the highlights of the Chinese government work report. — 2024 GDP growth target: around 5 percent — Creating over 12 million jobs in urban areas — Ratio of deficit to GDP: 3 percent — Special-purpose bonds f...
Thedeficit to GDP ratiois ameasure of how much the government's budget deficit is relative to the size of the country's economy.It is calculated by dividing the deficit by the GDP in a given fiscal year.A higher ratio indicates a larger deficit and a higher level of public debt. ...
Looking ahead, he said the country still has scope to step up fiscal and monetary policy support this year, as the central government's debt level is not high and consumer price levels are low. According to a report by the Center for Forecasting Science at the Chinese Academy of Sciences,...
The government deficit is projected to be 2.38 trillion yuan (about 375 billion U.S. dollars), with a central government deficit of 1.55 trillion yuan and local government deficit of 0.83 trillion yuan, according to the report to be delivered Monday morning at the first session of the 13th ...
Looking ahead, he said the country still has scope to step up fiscal and monetary policy support this year, as the central government's debt level is not high and consumer price levels are low. According to a report by the Center for Forecasting Science at the Chinese Academy of Sciences,...