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China says deleveraging efforts showing results but debt still too high

Reuters  |  BEIJING 

BEIJING (Reuters) - China will push on with achieving better results in getting its corporate sector to cut excessive borrowings even though it has made initial progress in lowering debt levels as firms' are still overleveraged, the state planner said on Wednesday.Policymakers have been trying to rein in debt risks and property bubbles amid fears that such problems could derail the world's second-largest economy if not handled properly."We have seen initial results in lowering corporate leverage and debt risks have been effectively controlled," the National Development and Reform Commission ...

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First Published: Wed, August 09 2017. 14:04 IST