Advertisement
Advertisement
TOPIC

China debt

China debt
The latest news and features on China's debt, both local and national.
China’s debt-to-GDP ratio slipped 1.1 percentage points to 308.2 per cent, according to a Beijing-based think tank. Photo: AFP
China GDP

China’s debt ratio dips. Why it may not bode well for the economy

Debt-level gains mask private-sector contraction, with government lone growth lever as households deleverage, firms shun borrowing: report.

Banking & finance

Beijing scraps panda bond fees to bolster global market for yuan debt

China consumption

Price of parenting: the household maths giving China’s consumers pause

Bonds

China vows to improve panda bond ratings to lure more foreign capital

Body overseeing interbank market, where most panda bonds are traded, sets August 1 deadline for rating agencies to comply.

Chinese regulators are looking to improve the quality of credit ratings for yuan-denominated assets known as panda bonds. Photo: CFOTO/Future Publishing via Getty Images
China's economic recovery

As Typhoon Bavi looms, has China’s investment in flood defences paid off?

Chinese authorities have ramped up spending on disaster prevention in recent years, but some worry local debt levels could hinder the campaign.

China property

Chinese city ‘sold’ same plot of land 18 times to inflate fiscal revenue

Central Commission for Discipline Inspection says Nanning used tactic to mask budget strains.

Advertisement
Advertisement
Advertisement
Banking & finance

‘Might not be the last’: the red flags behind China’s latest bank rescue

Regulators intervened over concerns of aggressive expansion and credit risks, underscoring vulnerabilities in some smaller regional lenders.

videocam
Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank, in Beijing on September 30. Photo: Reuters
China economy

Opinion | As China tightens the fiscal net, it must strike a fine balance

While the central government is cracking down on tax evasion, provincial governments are scrambling for cash in ways that can be destructive.

videocam
China consumption

China credit data shows demand dip, household deleveraging amid weak investment

But while traditional industries are mired in a downturn, hi-tech firms look to expand – many through direct financing.

videocam
Banking & finance

Panda bond boom: why China is seeing a rush of global borrowers

Beijing’s looser monetary policy, a wider bond market opening and expanding yuan internationalisation are helping drive the trend, analysts say.

Yuan banknotes are seen in this illustration picture taken on April 25, 2022. Photo: Reuters
China's economic recovery

Struggling Chinese regions mine ledgers for dormant riches in ‘idle’ property

Localities battling debt, such as Jilin and Chongqing, pivot to ‘asset revitalisation’ as land revenue remains weak, but analysts flag new risks.

videocam
The skyline is seen in Changchun, the capital of Jilin province, where authorities are trying to repurpose idle properties. Photo: Shutterstock
Banking & finance

China’s credit demand weak in April despite policy support, strong industry

Lending growth slows as borrowing demand from households and businesses remains weak.

US debt ceiling

China, US drive global debt to record $353 trillion – what’s behind the surge?

New report warns that rising conflicts, AI spending and energy security push are all expected to further increase global debt levels.

Banking & finance

Beijing ramps up tax crackdown, frames consumption levies as fiscal lifelines

Authorities target retailers, shell companies and off-the-books manoeuvres to lessen tax liabilities.

Shoppers walk by a reflected art installation at an outdoor luxury shopping mall in Beijing. Photo: AP
China economy

China publicly criticises fiscal spending by ‘imprudent’ local governments

Amid belt-tightening drive, spotlight falls on projects deemed not in the public interest, including millions of yuan spent on promotional songs.

People descend a mountain with luggage as they move to new homes designed to alleviate poverty in Zhaojue county, Sichuan province, in May 2020. Photo: Xinhua
Mainland China

How China’s fake Titanic sank like a stone – and became a symbol of local excess

In 2014, a Chinese investor raised millions to build a full-scale replica of the Titanic. Now, all that remains is a rusting hull – and vast debts.

7
Banking & finance

‘No alternative but to comply’: investors’ foreign income in China’s crosshairs

Ministry says 11.5% growth in personal income tax revenue partly driven by ‘significant rise in income from share transfers and dividends’.

Advertisement
Advertisement
Advertisement
China property

Opinion | China’s property pivot: from growth engine to protected household asset

Social and economic stability is now the key focus as Beijing works to preserve households’ property asset wealth against developers’ debt.

videocam
A food vendor passes a construction site in Beijing on February 8. Instead of trying to revive the property-led growth model, Beijing is patiently executing a debt migration by transferring default risks from the public to the state’s balance sheet. Photo: AP
China jobs

Survey shows China’s professionals have high expectations – for low pay

As some Chinese workers switch jobs to boost salaries, many remain pessimistic about pay increases amid economic uncertainty.

Two Sessions 2026

China’s central-local fiscal flows should be parent-child relationship: adviser

‘Central finance is like a father … while local governments are like children,’ tax policy expert says, affirming support for revenue-sharing reforms.

Two Sessions 2026

‘Two sessions’ 2026

China’s Premier Li Qiang lowered the annual GDP growth target to 4.5 to 5 per cent when he delivered the government work report at the “two sessions”, the country’s biggest annual political gathering.

‘Two sessions’ 2026
Two Sessions 2026

Why China is moving away from tax cuts and pushing for reform

Tax revenue is way below peer countries – and Beijing is pushing for change.

videocam
Premier Li Qiang is visible on a screen during the opening session of the National People’s Congress at the Great Hall of the People in Beijing on Thursday. Photo: Reuters
Two Sessions 2026

China pledges ‘iron discipline’ to tackle debt as US borrowing surges

Global debt reached a record high in 2025 and rose in the world’s two largest economies.

videocam
Two Sessions 2026

China’s pivot from GDP obsession sparks cadre confusion, tests local governance

Governors and mayors must reconcile Beijing’s people-centric mandates with traditional growth targets, navigating vague appraisal changes and performance concepts.

5
Two Sessions 2026

China’s leaders outline economic focus ahead of ‘two sessions’ – what to expect

Top officials met ahead of Beijing’s annual legislative sessions, when this year’s growth target and five-year plan will be unveiled.

Beijing is gearing up for the “two sessions”, the annual legislative meetings of China’s two main political bodies – the National People’s Congress and the National Committee of the Chinese People’s Political Consultative Conference. Photo: EPA-EFE
Banking & finance

‘Stability risk’: US faces rising concern as global debt soars to record high

Global debt accumulation ‘accelerated sharply’ in 2025, driven by surging investment in the US, China and Europe, report finds.

9
Massive investment in artificial intelligence data centres has contributed to a rapid build-up in global debt levels over the past year, according to a new report. Photo: Shutterstock
Two Sessions 2026

After years of ‘at-all-costs’ growth, China wants cadres to ditch GDP obsession

Five-month campaign seen prioritising social welfare and long-term sustainability over economic expansion, with debt, fraud and vanity projects in crosshairs.

7
China's economic recovery

As Chinese provinces slash revenue outlook, analysts warn of debt control

Local governments seen curbing infrastructure spending as Beijing’s fiscal discipline pushes regions to prioritise social services and tech over large projects.

videocam
8
Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement