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In 2024, China's debt-to-GDP ratio stood at 90.1%. Projections show that this number could reach 111.1% by 2029. Increases to China's debt are driven by ongoing stimulus measures to support its ...
With China's 2014 GDP being US$ 10,356.508 billion, [14] [15] this makes the government debt of China approximately US$ 4.3 trillion. The foreign debt of China, by June 2015, stood at around US$ 1.68 trillion, according to data from the country's State Administration of Foreign Exchange (SAFE) as quoted by the State Council . [ 16 ]
Total (gross) government debt as a percent of GDP by IMF in 2024. General government debt in OECD (% of GDP) This is a list of countries by government debt. Gross government debt is government financial liabilities that are debt instruments. [1]: 81 A debt instrument is a financial claim that requires
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
China has approved a six trillion yuan ($837 billion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to ...
President Joe Biden has also made reducing economic dependence on China a platform in both his 2020 and 2024 campaigns. His Inflation Reduction Act is already boosting US manufacturing and jobs.
In January 2023, China held $860 billion of US government debt, 11.6% of the total foreign holdings of US government debt. This ranks China as the second largest holder of US government debt, after Japan. [11] China is gradually reducing its holding of US dollar reserve, down to 25% [failed verification] in 2023 from 59% of its total foreign ...
"China is overdue in doing this, ... China has nearly doubled its level of debt over the past five years to about 66 trillion yuan ($9.3 trillion)—equivalent to more than half of the country's ...