Debt-to-GDP ratio in China said to reach 167%

China’s debt-to-GDP ratio reportedly reached 167% last year, the figure having surged rapidly since 2008, reports the Guangzhou-based Southern Metropolis Daily. Although the country’s National Audit Office has yet to reveal its official figures, state-owned financial service company Guosen Securities said that as of the end of last year the ratio reached 167% of GDP. […]

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