The Institute of International Finance (IFF) estimated that China’s total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020
In May 2020, the IFF also said the debt owed to China by the rest of the world had risen to more than 6 per cent of global GDP
Amanda Lee in Beijing Published: 4:38pm, 19 May, 2020
The Institute of International Finance estimated that China’s total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020, up from 300 per cent in the last quarter of 2019 – the largest quarterly increase on record. Photo: AP
