China has reduced debt as a proportion of gross domestic product for the first time in almost six years, in an indication it is tackling what is widely seen as the main economic threat.
A recent JPMorgan report said that debt stood at 268 per cent of GDP at the end of the second quarter of this year, ending more than half a decade in which borrowing steadily increased — a legacy of the unprecedented monetary and financial stimulus the country activated to combat the 2008 financial crisis.
The proportion for the first quarter had been marginally higher at 269 per cent.
您已阅读19%（572字），剩余81%（2406字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。