China's macro leverage ratio declined in Q2 for third straight quarter, mainly driven by corporate deleveraging - state think tank

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China’s macro leverage ratio has declined for three consecutive quarters as the world’s second-largest economy continued to recovery from the Covid-19 pandemic, according to a state think tank.

The macro leverage ratio, or total debt as a share of GDP, dropped by 2.6 percentage points to 265.4 per cent in the second quarter from the previous three-month period, according to the latest report from the National Institution for Finance and Development (NIFD

) of the China Academy of Social Sciences (CASS), a top government think tank.

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