China's macro leverage ratio to further stabilise next year as GDP growth picks up: PBOC governor

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China’s macro leverage ratio is expected to stabilise further next year as the economy expands, after the debt gauge increase in 2020, said Yi Gang, the governor of the People's Bank of China (PBOC) at a forum on Wednesday.

"Macro leverage ratio increased this year amid government efforts to offset the impact of the coronavirus outbreak earlier this year, but the ratio will further stabilise next year as GDP growth picks up," said Yi.

The macro leverage ratio is a measurement of the debt held by Chinese governments, households and companies divided by . . .

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