In 2021, general government net lending/borrowing for China was -6,982 billion LCU. Between 2007 and 2021, general government net lending/borrowing in China was decreasing on average by 542.96% each year, although before that, it grew from -350 billion LCU in 2002 to 16 billion LCU in 2007.
The description is composed by our digital data assistant.Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.