China and the United States contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, according to the Institute of International Finance. Photo: EPA

China, US push global debt towards record US$255 trillion as trade war continues to impact global economy

  • The two nations contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, said the Institute of International Finance
  • The overall debt load stood at over US$250 trillion at the end of June, equivalent to 320 per cent of global gross domestic product
Topic |   China economy

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China and the United States contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, according to the Institute of International Finance. Photo: EPA
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