Total global debt owed by households, governments, non-financial corporates and the financial sector - reached 318% of gross domestic product, while excluding the debt of financial companies like banks, total gross world public and private debt reached a record 246% of GDP exceeding the previous record of 213% in 2009 (see Figure 4).
Figure 4 Debt rises across the globe  A higher proportion of the debt has accumulated in China and other emerging markets. Indeed, China’s total non-financial debt has risen over the past 10 years from 141% of GDP in 2008 to 261% in the first quarter of 2018.