China’s government debt ratio hit five-year high in 2020, recorded first annual drop in fiscal revenue since 1990
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China’s government debt ratio hit five-year high in 2020, recorded first annual drop in fiscal revenue since 1990
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China’s government debt ratio hit five-year high in 2020, recorded first annual drop in fiscal revenue since 1990

 

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Chinese government's debt-to-GDP ratio climbed to 45.8 per cent by the end of 2020, climbing by 7.3 percentage points from a year earlier, but still below the internationally accepted warning line of 60 per cent, said China's Ministry of Finance on Thursday.

That's the highest level and the steepest growth in five years. The ministry started to release government debt ratio in 2015. The figure was 39.4 per cent in 2015, 36.7 per cent in 2016 and 36.2 per cent in 2017. The ratio returned to growth . . .

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