Current location:Stellar Stories news portal > opinions
China continues to push deleveraging despite initial progress
Stellar Stories news portal2024-05-21 12:58:53【opinions】7People have gathered around
IntroductionChina will continue to lower its corporate debt levels, even though it has made initial progress, th
China will continue to lower its corporate debt levels, even though it has made initial progress, the top economic planner said Monday.
There has been initial progress in reducing leverage levels, with the corporate leverage levels steadying and then declining while debt risks having been mitigated, the National Development and Reform Commission (NDRC) said on its website.
The government will focus on cutting debt levels at state-owned enterprises (SOEs) by improving their governance structure and pushing mixed ownership reform, the commission said.
To lower SOEs' debt levels, the government will work on establishing a debt-ratio warning line management mechanism of different industries, it said.
The country will use market-based and legal means, including debt-for-equity scheme, to address "zombie companies." It will also encourage mergers and acquisitions.
The NDRC did not provide its data on corporate debt levels, but cited figures from the Bank for International Settlements (BIS), which showed China's overall leverage ratio is still growing, but at a slower pace.
Overall leverage was 257.8 percent ofGDPat the end of the first quarter of 2017, slightly up from 257 percent at the end of 2016. The non-financial corporate leverage ratio declined to 165.3 percent at the end of March from 166.3 percent at the end of 2016, according to the BIS data.
Address of this article:http://namibia.highlanderdistrict.org/news-12c699965.html
Very good!(23)
Related articles
- I was 'brokefished' by my friend for £400
- Hongjiannao National Nature Reserve in NW China's Shaanxi, sanctuary for relict gulls
- Xi Encourages More Sci
- Xi, Cambodian King Exchange Congratulations on 65th Anniversary of Diplomatic Ties
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- Russia adds 18,819 new COVID
- Russia adds 18,819 new COVID
- Xi Stresses Establishing New Systems for Higher
- Yu Darvish extends scoreless innings streak to 25 in Padres' 9
- Scenery of Tuiwa Village by Puma Yumco Lake in Tibet
Popular articles
Recommended
Four people killed in a house explosion in southwestern Missouri
Xi Focus: Elevating China's Internet Sector to New Heights
Comicomment: Who is inciting instability in South China Sea?
Profile: A Party secretary who changed her village
Ben Whishaw lights up the Croisette as he joins his co
PLA Eastern Theater Command launches unprecedented live
China's old industrial base makes headway on revitalization
U.S. advisory regarding China travel 'makes no sense'
Links
- Wuzhou City Famous for Liubao Tea Making in S China's Guangxi
- Xinhua Think Tank Issues Report on China
- Couples Get Married on Qixi Festival in China
- NW China's Zhaosu County Enters Peak Tourism Season in Summer
- Apps simplify expense steps for foreign users
- Across China: Young Chinese Couples Go Retro, Announcing Marriages in Newspapers
- Danxia National Geological Park in NW China Attracts Tourists with Unique Landscape
- Beijing Has One Museum for Every 100,000 People
- Asian Games Torch Relay Highlights History, Vitality of Jiaxing
- Women's Wellness, Beauty Market Glowing Brightly