China's debt tops 300% of GDP, now 15% of global total, says Institute of International Finance
Updated : July 18, 2019 04:22 PM IST
China’s total corporate, household and government debt rose to 303 percent of GDP in the first quarter of 2019, from 297 percent in the same period a year earlier, the IIF said in a report this week which highlighted rising debt levels worldwide.
The IIF is a private global financial industry association, based in Washington.
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