Your current location:HOME >style >China continues to push deleveraging despite initial progress 正文
TIME:2024-05-01 14:29:13 Source: Internet compilationEdit:style
China 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.
Walmart shutting down its 51 health care clinics, virtual care service2024-05-01 14:22
Columbia switches to hybrid learning amid protests over Israel's war in Gaza2024-05-01 14:19
Bill Hader and Ali Wong can't stop giggling as the comedians leave loved2024-05-01 14:16
Beyoncé wows her fans while offering a rare glimpse at her stunning natural hair2024-05-01 14:03
Some North Carolina abortion pill restrictions are unlawful, federal judge says2024-05-01 12:42
Moment Susanna Reid apologises as Labour MP Yvette Cooper swears on Good Morning Britain2024-05-01 12:38
Nelly Korda puts six2024-05-01 12:36
Mississippi lawmakers move toward restoring voting rights to 32 felons2024-05-01 12:33
Pennsylvania moves to join states that punish stalkers who use Bluetooth tracking devices2024-05-01 12:04
Myanmar junta chief missing from public view after drone attack — Radio Free Asia2024-05-01 12:01
Trainer and Brehm can find a few perks amid New Orleans disappointment2024-05-01 13:13
Richmond Mayor Stoney drops Virginia governor bid, he will run for lieutenant governor instead2024-05-01 13:13
Meg Bennett dead at 75 following cancer battle: Emmy2024-05-01 12:41
Victoria Beckham arrives at her 50th birthday party at a swanky private members club on crutches2024-05-01 12:41
South African boxer Dingaan Thobela, 'The Rose of Soweto,' dies aged 572024-05-01 12:33
Abbey Clancy screams with embarrassment as she's teased over her music career with throwback song2024-05-01 12:28
Meg Bennett dead at 75 following cancer battle: Emmy2024-05-01 12:23
South Korean sentenced to 14 months in jail for killing 76 cats2024-05-01 12:12
How to be a 'Fall Guy': Stunt performers on their rough2024-05-01 11:50
Rainy season spells misery for hundreds at Myanmar camp for displaced — Radio Free Asia2024-05-01 11:43