2014 - 2023 | Quarterly | % | CEIC DataKey information about China Government Debt: % of GDP China Government debt accounted for 22.7 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 21.5 % in the previous quarter. China government debt to GDP ratio data is ...
In connection with the new bond issue, there will be a corresponding adjustment to the central government's budget in 2023. China's fiscal deficit will rise to 4.88 trillion yuan from 3.88 trillion yuan this year, which means that the fiscal deficit ratio would jump to 3.8 percent from 3 p...
helping africa alleviate debt pressure. china is committed to building an open world economy. it has become the main trading partner of more than 140 countries and regions, and signed 21 free
What is the outlook for local government debt in 2023? Does China’s rising debt indicate a potential crisis in the years to come? How do we evaluate China’s debt sustainability in comparison to other major economies? What is the sustainable...
National Government Debt (USD mn) 4,229,996.2 2023 yearly 2005 - 2023 Government Debt: % of GDP (%) 24.0 Mar 2024 quarterly Mar 2014 - Mar 2024 Forecast: Government Expenditure (RMB bn) 60,775.948 2029 yearly 1982 - 2029 Forecast: Government Net Debt (RMB bn) 192,017.140 2029 yea...
In response to a question regarding risks, Liu said China's government debt-to-GDP ratio is far below the internationally recognized alert level of 60 percent and that of major market-oriented and emerging economies. The risks are generally manageable, Liu noted....
Sceptics, however, are concerned that China is trapping borrowing governments in debt. Central Asia,as one of the centers of the first wave of globalization, connects global east-west markets. According to him, the establishment of such a network would increase global adoption of the Chinese Renm...
(also covering government funds budget) is likely to be scaled back. In December, the CEWC called on the government to "maintain necessary spending intensity while making the fiscal position sustainable and local government debt controllable". The 2023 budget points to the government intention to ...
However, the regulators had made it clear that the premise of the commercial banks to issue these mortgages is that the risk is controllable and commercially sustainable, and that new local government hidden debt is strictly forbidden. Since March 2023, the eight pilot cities have been working to...
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,...