China's debt is still at a controllable level but challenges remain, and the nation needs to be cautious about issues such as the fast growth in corporate debt, Vice Finance Minister Zhu Guangyao said on Monday.
In response to rising concerns over China's debt, Zhu said the debt level is "open and transparent" and that official data on debt held by non-financial sectors is "basically" in line with the data released by the IMF.
Official data put the number at 153.4 trillion yuan ($22.5 trillion), 220.4 percent of GDP in 2015, while the IMF put it at 154.3 trillion yuan, 227.9 percent of GDP, he was quoted as saying in media reports.
