Current location:travel >>
China continues to push deleveraging despite initial progress
travel47544People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Site news portal”。http://turkey.downmusic.org/html-45d599899.html
Related articles
Talor Gooch of LIV Golf gets a special invitation to the PGA Championship
travelTalor Gooch of LIV Golf gets to play in at least one major this year. He announced Monday on social ...
【travel】
Read moreUS postpones decision on aid to Israeli army battalion accused of abuses against Palestinians
travelWASHINGTON (AP) — Secretary of State Antony Blinken has determined that an Israeli army battalion co ...
【travel】
Read moreBayern stars Musiala and Sané racing to be fit for Champions League semifinal vs. Real Madrid
travelMUNICH (AP) — Bayern Munich coach Thomas Tuchel says Jamal Musiala is unable to play against Eintrac ...
【travel】
Read more
Popular articles
- Bank Holiday washout! Met Office issues nine
- Maxima's mini
- Stark Chernobyl before and after images show how once
- Indiana voters to pick party candidates in competitive, multimillion dollar primaries
- Talor Gooch of LIV Golf gets a special invitation to the PGA Championship
- Five people were shot outside a club in Washington, D.C., police say
Latest articles
Justin Steele returns from hamstring injury as Cubs take on Padres
Indiana voters to pick party candidates in competitive, multimillion dollar primaries
The REAL Evangelos Marinakis: The explosive hire
The 20 best shows to watch On Demand this weekend
Paris Hilton's brother
SZA and Keke Palmer are set to star in a buddy comedy from producer Issa Rae
LINKS
- Cultural Site of Han Dynasty in Xuzhou
- Winning, not experimenting, is Bangladesh priority against Zimbabwe in T20 series
- Broadband internet services are disrupted in most parts of Nepal
- Beijing to host WTT China Smash in September
- Chinese entertainment projects receive global awards for outstanding achievement
- Lok Sabha elections 2024: Misinformation surges on social media as voters head to vote
- 20th CPC Central Committee to hold 3rd plenary session in July
- Double landmine blast kills one person and wounds at least 18 in Pakistan’s southwest
- DoorDash posts better
- China urges universities to add majors that meet social needs