Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 12 (Xinhua) — China's government debt burden is within reasonable limits and risks are safe and under control, Finance Minister Lan Fo'an said Friday.
As of the end of 2024, the level of the Chinese government's debt burden was 68.7 percent, the minister noted at a press conference during which the country's progress in financial reforms during the 14th Five-Year Plan (2021-2025) was covered.
The country's public debt at the end of last year was 92.6 trillion yuan (about $13.04 trillion), of which 34.6 trillion yuan was the central government's debt and 58 trillion yuan was local government debt. Recall that local government debt consists of statutory debt of 47.5 trillion yuan and hidden debt of 10.5 trillion yuan. -0-
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