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China’s leverage increased rapidly in 2019, expected to grow faster this year

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China's overall leverage grew at a faster pace last year as authorities sought to ease the economic pressure brought by the trade frictions with the United States and "make corrections" to too deleveraging in the previous year.

China’s overall leverage ratio, which measures outstanding debt in the real economy against nominal GDP, increased to 245.4 per cent at the end of 2019, according to a joint study released by two state-backed think tanks . . .

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