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Is china debt free

Updated: 8/17/2019
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13y ago

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No it is not.

It has an estimated external debt ( the total public and private debt owed to nonresidents of the country) is just above 347 Billion USD, but this is relatively small for such a large economy ( The US has a debt of 14 Trillion USD, while most western European countries have amount between 1 to 10 trillion). So as you can infer, while the People's Republic of China is not entirely debt free, it's debt is far less than that of other major economies.

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