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China debt amounts to 45 percent of its GDP
The national debt of the People's Republic of China is the total amount of money owed by the central government, local governments, government branches and state organizations of China. As of 2020, China's total government debt stands at approximately 7 trillion dollar, equivalent to about 45% of GDP
The national debt of the People's Republic of China is the total amount of money owed by the central government, local governments, government branches and state organizations of China. As of 2020, China's total government debt stands at approximately 7 trillion dollar, equivalent to about 45% of GDP
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