Caixin
Jul 05, 2018 07:09 PM
FINANCE

Central Bank Adviser Joins Chorus for Easing Up on Debt Reduction

As the economy enters a stage of high-quality development, the factors that pushed up financial leverage will undergo major changes, said central bank advisor Liu Shijin. Photo: VCG
As the economy enters a stage of high-quality development, the factors that pushed up financial leverage will undergo major changes, said central bank advisor Liu Shijin. Photo: VCG

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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