China's government debt-to-GDP ratio stood at 67.5 percent at the end of 2023, compared to the average 118.2 percent among G20 nations and 123.4 percent for G7. The country's fiscal deficit has long been below 3 percent, significantly lower than other major economies around the world. Wit...
China's government debt-to-GDP ratio stood at 67.5 percent at the end of 2023, compared to the average 118.2 percent among G20 nations and 123.4 percent for G7. The country's fiscal deficit has long been below 3 percent, significantly lower than other major economies around the world. Wit...
Our results suggest that the Chinese Government's total debt could be already above 100% of GDP, in contrast to the public debt/GDP ratio of 15.5. Urgent reforms are needed in order to reduce fiscal risks, although risks of debt crisis look small in the short term, given sound balance ...
BEIJING -- The following are the highlights of the Chinese government work report submitted Tuesday to the national legislature for deliberation. -- 2024 GDP growth target: around 5 percent -- Creating over 12 million jobs in urban areas -- Ratio of deficit to GDP: 3 percent --...
The following are the highlights of the Chinese government work report submitted Tuesday to the national legislature for deliberation. -- 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 ...
The government predicts the debt-to-GDP ratio “will not have big changes” by the end of this year, he said. “Compared with international levels, the Chinese government still has room to borrow more,” he said. The ceiling of a debt-to-GDP ratio of 60% — established by ...
aAnother misleading statistic is China’s debt-to-GDP ratio, which the Chinese government lists at 17 percent. 另一个引入歧途的统计是中国的债务对国民生产总值比率,中国人政府列出在17%。 [translate] 英语翻译 日语翻译 韩语翻译 德语翻译 法语翻译 俄语翻译 阿拉伯语翻译 西班牙语翻译 葡萄牙语翻译 意大利...
China's deficit also remains low, standing at around 3 percent of the GDP, giving Beijing more spaces to deal with corporate debt if needed, Li added. The expert suggested that China should slow down credit expansion while enhancing investment quality, and carrying out reforms in state-owned ...
In response to the concerns over the mounting government debt risks, an MOF official pointed out that China's government debt ratio is not high in general. The ratio of China's statutory debt to the country's GDP has been stable at around 50 percent, below the 60 percent international warn...
to-GDP ratio to new highs. In essence, the Chinese government was using credit expansion to finance fiscal stimulus. This was a credit-based equivalent of the Troubled Asset Relief Program in the US. There, fiscal stimulus programmes are financed by increasing public sector debt. In China, ...