ECONOMY

Debt to GDP China’s macro leverage ratio,the proportion of debt to GDP,has risen at an average annual rate of 4.8 percentage points over the past five years,the Peoples Bank oF China said in an online statement on March 8.“Compared with other major economies,the rise in China has been controllable since the COVID-19 outbreak,and a relatively small increase in debt has supported the country’s rapid economic recovery,”the statement said.