China will steadily push forward with destocking in property market - Xinhua

BEIJING (Reuters) - China will steadily push forward with destocking in the property market, the official Xinhua News Agency said on Monday, citing a report made by Vice Premier Zhang Gaoli to the country's political advisory body.

China will also push ahead with a debt-to-equity swap programme, and gradually lower the corporate leverage ratio, Xinhua said.

(Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)