China’s Debt-to-GDP Ratio Hits Record 336% in Q2 2025

Non-financial corporates lead with 142% debt-to-GDP, followed by government debt at 93%, marking a decade-long 78-point increase.

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Terms & Concepts
  • Debt-to-GDP Ratio: A metric comparing a country's total debt to its gross domestic product, used to measure a nation’s ability to repay debt.
  • Non-financial Corporates: Companies engaged in business activities other than financial services, often holding large amounts of debt for operational and investment purposes.
  • Government Debt: The total amount of money owed by a government to creditors, both domestic and international.