Source: South China Morning PostChina has begun gradually reducing its debt-to-GDP ratio without compromising support for the nation’s post-pandemic economic recovery, the central bank has said in a new report.The non-financial leverage ratio stood at 276.8 per cent at the end of March, 2.6 percentage points lower than the end of December, following a fall of 1.6 percentage points in the fourth quarter, the People’s Bank of China (PBOC) said.“As the impact of the pandemic gradually abates, the stabilisation of economic growth…Read More