Public Debt in China
China - Public Debt
Authorities resort to fiscal stimulus to stem economic slowdown
The Chinese government has speeded up the approval of new investment projects in an attempt to fuel economic growth, as sluggishness in the global economy and a subsequent domestic slowdown have started to take their toll. The National Development and Reform Commission (NDRC) has already approved 868 large investment projects in the first four months of 2012, compared to just 363 in the same period last year. According to local media, the NDRC approved more than 100 projects on 21 May alone. The new investment approvals encompass most sectors, including clean energy, transport, industrial modernization and rural infrastructures. Moreover, on 16 May, the State Council granted consumption subsides of CNY 26.5 billion (USD 4.2 billion) to purchase household appliances and CNY 6 billion (USD 949 million) to buy fuel-saving vehicles. Analysts estimate that the new measures will amount to between CNY 1 trillion (USD 158 billion) and CNY 2 trillion (USD 316 billion). That said, the NDRC has ruled out the possibility of a new round of economic stimulus measures of the magnitude of those implemented in 2008/2009, when China launched a massive CNY 4 trillion stimulus package (around 10% of GDP).
China - Public Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 15.5 | 16.1 | 16.2 | 16.3 | 17.0 |
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.17 | -0.40 % | Dec 31 |
| Exchange Rate | 6.96 | -0.19 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
China: House prices decline again in December
January 15, 2023
House prices in 70 large- and medium-sized cities fell 0.2% month on month in December, according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS), following November’s 0.2% decrease.
-
China: Economic growth slows in Q4
January 15, 2023
GDP growth waned to 2.9% year on year in the fourth quarter from 3.9% in the third quarter, broadly in line with our panelists’ expectations. The services sector grew 2.3% annually in the fourth quarter, decelerating from the third quarter's 3.2% increase.
-
China: Merchandise exports decline in December
January 10, 2023
Merchandise exports decreased 9.9% year-on-year in December following November’s 9.0% decrease, driven by Covid-19 disruptions at home and mild demand from developed markets.
-
China: Inflation rises in December
January 10, 2023
Consumer price inflation came in at 1.8% in December, which was up from November’s 1.6% but was still weak by international standards due to depressed demand.
-
China: Money supply records slowest growth since June in December
January 10, 2023
In December, Chinese banks distributed CNY 1400 billion in new yuan loans, up from November’s 1210 billion figure.
© Copyright: 2023. | China Public Debt | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
