China’s total debt as a percentage of GDP continued to fall in the third quarter. Photo: Xinhua
China’s total debt as a percentage of GDP continued to fall in the third quarter. Photo: Xinhua

China’s debt-to-GDP ratio falls again, but pace of deleveraging eases as economy falters

  • Total debt as a percentage of gross domestic product (GDP) fell to 264.8 per cent in the third quarter, from 265.4 per cent in quarter two
  • But this was primarily because GDP output also declined, diluting the effects of China’s deleveraging, says state-backed think tank

Topic |   China economy
China’s total debt as a percentage of GDP continued to fall in the third quarter. Photo: Xinhua
China’s total debt as a percentage of GDP continued to fall in the third quarter. Photo: Xinhua
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