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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