China’s overall stock of debt as a share of GDP continued to climb in the second quarter of this year, but at a slower pace amid the ongoing slowdown in economic growth, according to a report by the National Institution for Finance & Development (NIFD), and the Institute of Economics at the Chinese Academy of Social Sciences reported Caixin.
The overall leverage ratio, which measures the nation’s outstanding debt in the real economy against nominal GDP, increased to 249.5% at the end of the second quarter, up 0.7% from 248.8% a quarter earlier, according to the two government-backed research institutes.
The growth in the ratio in the second quarter was lower than the increase of 5.1% in the first quarter.
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