That China has borrowed too much seems incontrovertible. Total debt to gross domestic product, a measure including public, consumer and corporate borrowing, has risen sharply to 230 per cent of GDP – much higher than before the global financial crisis, and comparable to levels that have led to severe problems elsewhere.
中國借債太多，這一點似乎是沒有爭議的。該國總債務（指公共部門、消費者和企業三者債務之和）與國內生產毛額(GDP)之比，已大幅升高至230%，遠高於本次全球金融危機爆發前的水準——在其他國家，如此高的水準已足以引發諸多嚴重問題。
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