Debt growth stable

Source:Xinhua Published: 2017/9/25 21:03:40

The growth of China's overall leverage ratio has been clearly slowing and is now stabilizing, the top planner said on Monday.

China will focus on lowering leverage ratios among State-owned enterprises and winding down of "zombie firms" to reduce leverage ratios and control debt risks, the National Development and Reform Commission said in a statement on its website.

The Chinese government has vowed to tackle high leverage in the economy, but its high debt levels have led credit ratings agencies, including S&P Global Ratings last week, to cut the country's sovereign credit rating.

Posted in: COMPANIES

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