China's total debt continues to rise rapidly. Outstanding total social financing at the end of September was RMB 402.2 trillion, equal to 310% of China's trailing four-quarter GDP, up from 300% at the end of 2023.
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China's total debt continues to rise rapidly. Outstanding total social financing at the end of September was RMB 402.2 trillion, equal to 310% of China's trailing four-quarter GDP, up from 300% at the end of 2023.