Debt ratio is expected to remain stable

China is fully confident in fending off systemic debt risks and expects no major changes in the government's debt ratio in the coming years, Finance Minister Xiao Jie said on Wednesday.

The country's debt-to-GDP ratio, an indicator of the country's ability to pay back its debt, dropped to 36.2 percent in 2017 from 36.7 percent in 2016, Xiao said at a news conference during the ongoing first session of the 13th National People's Congress.

A ratio over 60 percent is generally considered dangerous in that it means a country may fail to repay its debt.