China’s debt-to-GDP ratio fell in the second quarter for the first time since 2022, even as the government kept borrowing while households and private companies pulled back under the weight of falling home prices, sluggish income growth and shrinking profit margins, according to a new report.The ratio slipped 1.1 percentage points to 308.2 per cent, the National Institution for Finance and Development (NIFD), a Beijing-based think tank, said in a quarterly report on Thursday.The ratio compares...