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People's Daily Online>>China Business

China's debt-to-GDP ratio hits 43 percent: ICBC president

(Xinhua)

16:40, March 06, 2012

BEIJING, March 6 (Xinhua) -- China's government debt amounts to about 17.5 trillion yuan (2.78 trillion U.S. dollars), about 43 percent of the country's gross domestic product, Yang Kaisheng, president of the Industrial and Commercial Bank of China, said Tuesday.

The debt is composed of 10.7 trillion yuan (1.7 trillion dollars) of local government debt and 6.8 trillion yuan (1.07 trillion dollars) of central government debt, Yang said at a press conference on the sidelines of China's annual parliamentary session.

Email|Print|Comments(Editor:王莉莉)

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wende at 2012-03-0671.255.93.*
Be very careful about incurring more debts as we are in a global slump and studies are needed before more expenditures on useless or wasteful projects.
fool at 2012-03-06117.242.144.*
very soon concept of aircraft career and generation concept will be out .more advance thing will come in its place.
  

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