Third, though China’s public debt/GDP ratio is officially still under 20%, since the onset of the global financial crisis in 2008, its fiscal position has deteriorated. If the government’s contingent liabilities are included, China’s debt/GDP ratio may be closer to 50%.
此外，尽管中国国债对GDP比率官方宣称仍然在20%以下，由于2008的爆发的全球金融危机，其财政状况已经恶化，如果将政府的或有债务计算在内的话，中国的债务对GDP比率可能接近50%。