China's debt-to-GDP ratio climbed to a new record high in 2023 despite the slow pace of borrowing, reflecting the economy's weakening growth, a new report from a state-backed think tank shows.
Caixin
China's debt-to-GDP ratio climbs to record 287.8% in 2023
Macro leverage ratio rises 13.5 percentage points from year earlier
China’s real GDP growth, which is adjusted for inflation, beat the government’s target to grow at 5.2% in 2023
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