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==Comparisons of Chinese, Russian and American government debt to GDP ==

==Comparisons of Chinese, Russian and American government debt to GDP ==

*[[China]] - China's national debt to GDP ratio is around 90.1%. This means that China's total national government debt is equivalent to roughly 90.1% of its total GDP.  

*[[China]] - China's national debt to GDP ratio is around 90.1%. This means that China's total national government debt is equivalent to roughly 90.1% of its total GDP. In 2024, China's total government debt to GDP was estimated be over 300% and local governments' debt is a major contributor to this total.  

However, many financial analyst believe that China inflates its GDP. The January 23, 2024 ''South China Morning Post'' article [https://archive.ph/qKFgg ''China claims ‘biggest corruption in statistical sphere’ amid fake data crackdown''] indicates: "The accuracy of China's economic data has long been questioned, as many feel there is a gap between reality on the ground and the official figures, and Beijing has intensified efforts to crack down on data fraud in recent years amid efforts to dispel doubts."

However, many financial analyst believe that China inflates its GDP. The January 23, 2024 ''South China Morning Post'' article [https://archive.ph/qKFgg ''China claims ‘biggest corruption in statistical sphere’ amid fake data crackdown''] indicates: "The accuracy of China's economic data has long been questioned, as many feel there is a gap between reality on the ground and the official figures, and Beijing has intensified efforts to crack down on data fraud in recent years amid efforts to dispel doubts."