Credit to the general government sector as a share of GDP, the BIS's core debt measure: loans and debt securities at market value, consolidated. Shown for context; it has no threshold. The euro area as a whole; national ratios run from under 20 % to over 130 % of GDP.
The BIS core measure leaves out trade credit, pension liabilities and, for China, most local-government financing vehicles, so it sits below the IMF's broader figures.