Part 6/9:
As of February's end, outstanding loans reached 261.78 trillion yuan, reflecting a 7.3% year-on-year increase. Analysis from Professor Michael Pettis at Peking University revealed that, while the overall social financing growth slowed, the increasing debt burden could indicate issues with investment quality. He noted that China’s growth must rely more heavily on consumption to meet GDP growth targets, warning that the current trajectory may lead to a significantly higher debt burden if consumption does not improve.