he is quoting the wrong cherry-picked information from Time.
I found the original. That quote of 287.8% is the total of households, corporate and government debts.
If they did the same with the US gov, corp and household, you would get a crazy number too.
Here is the original article that Time cherry picked.
https://asia.nikkei.com/Spotlight/Caixin/China-s-debt-to-GDP-ratio-climbs-to-record-287.8-in-2023
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