 "Chinese currency, China, China economy")
China must proactively but gradually reduce debt in the economy to prevent the buildup of financial risks, state news agency Xinhua quoted China’s central bank’s deputy governor as saying on Saturday.
Yi Gang made the comments at a meeting about China’s economy in Beijing, Xinhua said.
“We have to resolutely fight the battle to prevent risks and first have to control overall leverage by proactively, safely and steadily deleveraging,” he said.
China’s state planner in September said that the growth of China’s overall leverage ratio has clearly been slowing and is now stabilising. However, ratings agency S&P Global Ratings has said that China’s
