China's response to the two thousand eight financial crisis had major repecusions for its economy. It was this provisional resolution that exasperated problems, particularly with regard to this repression of domestic consumption and its related reliance on exports in order to maintain high growth rates. Between two thousand eight and late 20 17, outstanding debt in china soared from 100 and forty eight % of g d p to over 250% The surge of loans during the 20 20 covet 19 pandemic pushed the share to more than 330%.