The quota for local government special purpose bonds, the proceeds of which must be used to fund infrastructure projects, has reached 2.15 trillion yuan (US$312 billion) so far in 2019. Photo: Xinhua

China’s total debt rises to over 300 per cent of GDP as Beijing loosens borrowing curbs to boost growth

  • The figure has risen to over US$40 trillion, some 15 per cent of overall global debt, according to data released by the Institute of International Finance
  • China has eased its deleveraging campaign in a bid to aid the slowing economy amid the trade war with the United States
Topic |   China economy

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The quota for local government special purpose bonds, the proceeds of which must be used to fund infrastructure projects, has reached 2.15 trillion yuan (US$312 billion) so far in 2019. Photo: Xinhua
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Amanda Lee

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.