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Asia-Pacific · Country assessment
CN

China.

Growth remains stronger than in many advanced economies. A high public debt ratio and limited transparency reduce my resilience assessment.

IMF October 2026 vintage · 2026 estimates / projections · Assessment date: 25 October 2026
Pension obligations / GDP
Not comparable
No full national liability on the comparison basis.
Interest rate
3.00%
1-year LPR benchmark
BIS observation: 2026-10-19
My economic rating
74out of 100
Sound
Growth
93
Public debt
40
Price stability
88
Employment
82
Government effectiveness
65

Each dimension has a 20% weight. This comparison score measures selected conditions; it is not a sovereign credit rating.

My pension system rating
3.0 / 5

Retirement-age reform eases future pressure, but ageing and differences in benefit coverage remain substantial. I assess the system near the middle.

External benchmark: 2026 Marsh CFA index (external source) · C+ · 60.6/100.

Assessment confidence: Medium. The author rating is distinct from the external benchmark.

What the pension figure means.

N/C means that a full national measure on the Eurostat basis was not established. It does not mean zero pension obligations.

An IMF working-paper model estimates 2050 pension spending at 11.9% of GDP after retirement-age reform, versus 15.3% without it. These are scenario flows, not accrued debt or an official IMF forecast.

Read the pension evidence and definitions. (external source)

Protest and riot risk.

Disruptive protests / strikesModerate
Riot / violent crowd disorderModerate

Property losses, unpaid wages, and local services are potential triggers for local protests. Restrictions and reporting limits reduce confidence in visible-event comparisons.

The horizon is the next 12 months. These are qualitative author assessments, with low confidence.

Country-specific official safety evidence (external source) provides context on demonstrations and disruption. Its overall travel rating is not used as a riot score.

World Bank 2025 context: political stability 66.0/100; voice and accountability 26.1/100. These indicators do not predict protests.

Potential triggers above are scenarios, except where an official source explicitly reports an event. Peaceful protest is not violence.

The economic path.

One IMF vintage keeps revisions and projections consistent.

Real GDP growth

WEO series · 2026–27 are projections2024: 5.0%, 2025: 5.0%, 2026: 4.5%, 2027: 4.0%2024202520262027

5.0% in 2024 · 4.0% in 2027

Average CPI inflation

WEO series · 2026–27 are projections2024: 0.2%, 2025: 0.0%, 2026: 1.0%, 2027: 1.4%2024202520262027

0.2% in 2024 · 1.4% in 2027

Government debt / GDP

WEO series · 2026–27 are projections2024: 90.5%, 2025: 98.6%, 2026: 104.4%, 2027: 109.1%2024202520262027

90.5% in 2024 · 109.1% in 2027

Annual macroeconomic series for China
Year / statusDebt / GDPGDP growthInflationUnemployment
2024Historical WEO series90.5%5.0%0.2%5.1%
2025Historical WEO series98.6%5.0%0.0%5.1%
2026Estimate / projection104.4%4.5%1.0%5.1%
2027Estimate / projection109.1%4.0%1.4%5.1%

Historical values can include IMF estimates. India follows the IMF fiscal-year convention. Source-specific definitions limit cross-country precision.

Sources and exact series.

IMF · General government gross debt (external source)

GGXWDG_NGDP · CHN · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Real GDP growth (external source)

NGDP_RPCH · CHN · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Inflation rate, average consumer prices (external source)

PCPIPCH · CHN · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Unemployment rate (external source)

LUR · CHN · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
BIS · Interest rate (external source)

From 20 Aug 2019 onwards: Loan Prime Rate (1 year): from 1 Jan 1996 till 19 Aug 2019: Official lending rate (1 year). Source institution: People's Bank of China.

Accessed 25 October 2026.
Pension obligations and local funding evidence (external source)

Eurostat key where available: A.PC_GDP.S13PU.F63_LE.CN. Values retain their own reference year.

Accessed 25 October 2026.
World Bank · Governance context (external source)

2025 observations: GOV_WGI_GE_SC, GOV_WGI_PV_SC, and GOV_WGI_VA_SC. The economic formula uses effectiveness only.

Accessed 25 October 2026.
Official country guidance · Demonstrations (external source)

The report uses country-specific discussion of demonstrations. Generic warnings alone do not establish the likelihood of riots.

Accessed 25 October 2026.
2026 Marsh CFA Institute Global Pension Index (external source)

External retirement-system benchmark, published 20 October 2026. The report preserves its score separately from the author rating.

Accessed 25 October 2026.