Shanghai’s Pudong financial district at dusk. The Chinese finance ministry’s statement on Friday comes amid concerns about China’s debt risks. Photo: Reuters

China plans rise in government debt to prune corporate red ink

Government debt ratio only 41.5 per cent of GDP, a fraction of other countries’ such as the US, Japan, France, Germany and Brazil

Topic |   China economy

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Shanghai’s Pudong financial district at dusk. The Chinese finance ministry’s statement on Friday comes amid concerns about China’s debt risks. Photo: Reuters
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