After a surge in borrowing post-coronavirus, reducing debt is one of the government’s five major tasks in 2021. Photo: AFP
After a surge in borrowing post-coronavirus, reducing debt is one of the government’s five major tasks in 2021. Photo: AFP

China’s debt-reduction campaign a 2021 priority as coronavirus drives surge in borrowing

  • Beijing’s latest work report says deleveraging is one of ‘five major tasks’ for the government in 2021
  • Since the beginning of the coronavirus pandemic, China’s debt burden has grown roughly 30 per cent

Topic |   Two Sessions 2021 (Lianghui)
After a surge in borrowing post-coronavirus, reducing debt is one of the government’s five major tasks in 2021. Photo: AFP
After a surge in borrowing post-coronavirus, reducing debt is one of the government’s five major tasks in 2021. Photo: AFP
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