China’s debt levels rose significantly in 2020 as a result of looser fiscal policy to help revive the coronavirus-hit economy. Photo: AFP China’s debt levels rose significantly in 2020 as a result of looser fiscal policy to help revive the coronavirus-hit economy. Photo: AFP
China’s debt levels rose significantly in 2020 as a result of looser fiscal policy to help revive the coronavirus-hit economy. Photo: AFP
China economy

Explainer |
China debt: has it changed in 2021 and how big is it now?

  • China’s overall debt was 270.1 per cent of gross domestic product at the end of 2020, up from 246.5 per cent at the end of 2019
  • China’s outstanding foreign debt, including US dollar debt, reached US$2.4 trillion in 2020

Topic |   China economy
China’s debt levels rose significantly in 2020 as a result of looser fiscal policy to help revive the coronavirus-hit economy. Photo: AFP China’s debt levels rose significantly in 2020 as a result of looser fiscal policy to help revive the coronavirus-hit economy. Photo: AFP
China’s debt levels rose significantly in 2020 as a result of looser fiscal policy to help revive the coronavirus-hit economy. Photo: AFP
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