Steady progress made in deleveraging
Print Edition
China has made steady progress in deleveraging and the country鈥檚 leverage ratio will gradually be lowered, the Economic Daily has reported.
鈥淐hina has entered a stage of stable leverage as the country鈥檚 deleveraging efforts have delivered primary effects,鈥 Liu Shijin, vice president of the China Development Research Foundation, a government think tank, told the Economic Daily.
Since 2017, the growth of China鈥檚 leverage ratio has slowed down substantially. The leverage ratio in 2017 was 2.4 percentage points higher than 2016. The growth was 10.9 percentage points lower than the average annual growth rate from 2012 to 2016, Liu said.
The slowdown came after a rapid growth of corporate profits and fiscal revenues boosted by the supply-side structural reform, the implementation of a prudent, neutral monetary policy and stronger financial rules, said Liu, who is also a member of the monetary policy committee of the People鈥檚 Bank of China.
He added that China鈥檚 leverage structure has become optimized with corporate, government and personal leverage ratios all lowered.
Liu believes China will be able to continue stabilizing its macro leverage and gradually cut the leverage ratio, citing a quality-oriented economic shift, tighter financial supervision, and progress in cutting overcapacity.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
