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China’s Economy Is More Fragile Than You Think, With a Debt-to-GDP Ratio of About 350%
2 months ago
25
News
China's faltering economy
China is going broke
350% debt to GDP
How's China doing after Tariffs
Is Industry in China suffering
China observer
Officially, China disclosed in 2023 that its government debt had exceeded 70 trillion yuan. As of November 2024, local government debt stood at 46.5 trillion yuan, with hidden debts reaching 14.3 trillion yuan. However, according to the International Monetary Fund, local government hidden debt could total as much as 60 trillion yuan by the end of 2023, equivalent to 47.6% of China's GDP.
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