[size=36]China's debt exceeds 303 percent of its GDP[/size]
said the International Finance Institute, on Thursday, said that China 's total debt exceeded 303 percent of GDP in the first quarter 2019.
The institute said in a statement, said that the total debt of companies and families and Chinese government 's record of 297 percent of GDP in the quarter The first 2018.
explained the Institute that "China 's total debt currently accounts for about 15 percent of the world 's total debt, without providing figures for total public debt."
China's economic growth slowed in the second quarter of 2019, hitting its lowest level in 27 years, driven by trade tensions with the United States and fears of a global economic slowdown.
The Chinese government is trying to counter the slowdown in economic growth by shifting credit to the private sector and encouraging domestic consumption.
The Chinese government said last month that banks should buy bonds of more than 180 billion yuan ($ 26.2 billion) to finance small businesses in 2019, as well as lending to industry and services.
China's economy grew 6.6 percent last year, the lowest in a quarter-century, from 6.8 percent in 2017, according to official data.