China government debt set to hit new high after record 2019
China’s government debt last year grew at its fastest pace annually since 2009, while central and local government borrowing shows no signs of slowing.
Global debt stood at almost $253tr in the third quarter of 2019, reaching an all-time high, according to data from the Institute of International Finance, a Washington DC based association of the finance industry. The overall global debt-to-GDP ratio of over 322% during the same period also hit ...
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