China's macro leverage ratio increased at slower pace in Q3, leverage in household sector grew rapidly driven by mortgage loans: government think tank

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China's leverage ratio increased further in the third quarter, but at a slower pace, as the economic growth rebounds from the coronavirus fallout.

China's macro leverage ratio increased by 27.7 percentage points to 270.1 per cent at the end of September from 245.4 at the end of last year, according to a report released by the National Institution for Finance and Development (NIFD) affiliated to the Chinese Academy of Social Sciences (CASS), China's top government think tank.

In the third quarter alone, the macro leverage ratio rose by 3 . . .

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