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Highlights of news conference of the Ministry of Finance
Updated: Mar 7, 2019
chinadaily.com.cn
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China's debt-GDP ratio lower than EU's alert line: Liu Kun
China's government debt stood at 33.35 trillion yuan ($4.97 trillion) by the end of 2018, accounting for 37 percent of the country's GDP. The figure is significantly lower than the EU's alert line of 60 percent, Minister of Finance, Liu Kun, said. China's debt-GDP ratio was also lower than both the major market economies and emerging markets.
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