China's macro leverage ratio fell in the first quarter as economy rebounded from coronavirus pandemic

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China’s macro leverage ratio, the percentage of debt in households, non-financial enterprises and governments to gross domestic product, fell by 2.6 percentage points in the first quarter from the end of last year to 276.8 per cent, according to preliminary data released by the People’s Bank of China (PBOC).

In breakdown, the macro leverage ratio for non-financial enterprises stood at 160.3 per cent at the end of March, 0.9 percentage points lower than the end of last year, the ratio for governments was 44.5 per cent, down 1 . . .

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