Total debt combining the household, corporate and government sectors climbed to 281.5% of gross domestic product in the second quarter, according to Bloomberg s calculations based on data from China s central bank and the National Bureau of Statistics. That was up from 279.7% in the first quarter.
China’s total debt as a percentage of gross domestic product rose to 273.2 per cent as of the end of 2022, but could rise at a slower pace this year, according to the Economic Daily newspaper.