Leverage in China has soared to alarming levels, with overall debt swelling to more than twice the size of the economy at the end of last year, a leading government-backed think tank said. Photo: AFP

Chinese think tank raises alarm over ‘poisonous’ debt, with no quick fixes in sight

Amount owed by governments, firms and people is more than double the nation’s GDP

Topic |   China economy

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Leverage in China has soared to alarming levels, with overall debt swelling to more than twice the size of the economy at the end of last year, a leading government-backed think tank said. Photo: AFP
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