China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report. Photo: Bloomberg

China’s debt ratio hits record high as efforts to offset US trade war mean ‘there is no such thing as a free lunch’

  • China achieved a growth rate of 6.4 per cent in the first quarter after Beijing scaled back its deleveraging campaign in a bid to help the world’s second largest economy
  • But China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report
Topic |   US-China trade war

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China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report. Photo: Bloomberg
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.