China’s real GDP growth, which is adjusted for inflation, beat the government’s target to grow at 5.2% in 2023
See Also
China's debt problem explained.When Does Federal Debt Reach Unsustainable Levels? — Penn Wharton Budget ModelWho does the U.S. owe $31.4 trillion? - MarketplaceIs it a Risk for America that China Holds So Much U.S. Debt? | ChinaPower ProjectXIA YINING and HAN WEI, Caixin | China
China's debt-to-GDP ratio climbed to a new record high in 2023 despite the slow pace of borrowing, reflecting the economy's weakening growth, a new report from a state-backed think tank shows.
The macro leverage ratio, which measures total outstanding nonfinancial debt as a share of nominal gross domestic product, rose to 287.8% in 2023, 13.5 percentage points higher than a year ago, according to a report by the National Institution for Finance and Development (NIFD).
