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

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…

Read the original article at South China Morning Post

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