An employee uses a machine to count Chinese one-hundred yuan banknotes at the Hang Seng Bank Ltd. headquarters in Hong Kong. Photo: Bloomberg

China debt ratio jumps in first half as Beijing abandons deleveraging to support trade war-hit economy

  • China’s total debt-to-GDP ratio rises to 249.4 per cent at the end of June, up 5.8 percentage points from the end of last year
  • The debt ratio for the government, consumer and non-financial sectors all rose in the first half, as China stepped back from its deleveraging campaign
Topic |   China economy

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An employee uses a machine to count Chinese one-hundred yuan banknotes at the Hang Seng Bank Ltd. headquarters in Hong Kong. Photo: Bloomberg
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