US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on Thursday to at the very least agree on generous terms for new long-term loans for banks. Photo: AP

G20 overshadowed by gloomy mood as world economy turns to central banks to address red warning signs

  • Australia cut interest rates on Tuesday for the first time in three years and India is likely to follow on Thursday
  • Finance ministers and central bankers from the G20 industrial and emerging economies gather this week in the Japanese city of Fukuoka
Topic |   Central Banks

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US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on Thursday to at the very least agree on generous terms for new long-term loans for banks. Photo: AP
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China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report. Photo: Bloomberg

China’s debt ratio hits record high as efforts to offset US trade war mean ‘there is no such thing as a free lunch’

  • China achieved a growth rate of 6.4 per cent in the first quarter after Beijing scaled back its deleveraging campaign in a bid to help the world’s second largest economy
  • But China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report
Topic |   US-China trade war

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China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report. Photo: Bloomberg
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