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China’s debt ratio continued decline in first quarter as economy rebounded from coronavirus pandemic

Summary:
[unable to retrieve full-text content]China has begun gradually reducing its debt-to-GDP ratio without compromising support for the nation’s post-pandemic economic recovery, the central bank has said in a new report.The non-financial leverage ratio stood at 276.8 per cent at the end of March, 2.6 percentage points lower than the end of December, following a fall of 1.6 percentage points in the fourth quarter, the People’s Bank of China (PBOC) said.“As the impact of the pandemic gradually abates, the stabilisation of economic growth…

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[unable to retrieve full-text content]
China has begun gradually reducing its debt-to-GDP ratio without compromising support for the nation’s post-pandemic economic recovery, the central bank has said in a new report.The non-financial leverage ratio stood at 276.8 per cent at the end of March, 2.6 percentage points lower than the end of December, following a fall of 1.6 percentage points in the fourth quarter, the People’s Bank of China (PBOC) said.“As the impact of the pandemic gradually abates, the stabilisation of economic growth…

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