'Alarming levels'
Source: Xinhua |
May 18, 2012, Friday
|
Print Edition
Print Edition
CHINESE companies are operating with "alarming levels" of corporate debt, even though the country's gross debt remains relatively low, said a study by a top Chinese think tank.
"The high level of corporate debt deserves our attention," Li Yang, vice president of the Chinese Academy of Social Sciences, warned at an annual public conference held by the International Organization of Securities Commissions, which concluded in Beijing yesterday.
China's debt levels are still rising and will continue to climb in the future if the current global financial crisis persists, Li said.
"The high level of corporate debt deserves our attention," Li Yang, vice president of the Chinese Academy of Social Sciences, warned at an annual public conference held by the International Organization of Securities Commissions, which concluded in Beijing yesterday.
China's debt levels are still rising and will continue to climb in the future if the current global financial crisis persists, Li said.
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