Steady progress in deleveraging

Source:Xinhua-Global Times Published: 2018/7/5 20:38:40

China has made steady progress in deleveraging and the country's leverage ratio will gradually come down, the Economic Daily reported.

"China has entered a stage of stable leverage as the country's deleveraging efforts have delivered primary effects," Liu Shijin, vice president of the China Development Research Foundation, a government think tank, told the Economic Daily.

Since 2017, the growth of China's leverage ratio has slowed down substantially. The leverage ratio in 2017 was 2.4 percentage points higher than in 2016. The growth was 10.9 percentage points lower than the average annual growth rate from 2012 to 2016.

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