Central Bank Adviser Joins Chorus for Easing Up on Debt Reduction
Another central bank adviser has hinted that China will ease its aggressive approach to debt reduction, seeking to strike a balance between deleveraging and protecting a slowing economy that is showing growing signs of financial distress.
Central bank adviser Liu Shijin said that “China is entering a phase of stabilizing leverage,” just days after another high-profile academic said regulators would avoid excessive deleveraging, signaling the government may be reducing the intensity of its deleveraging campaign.
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