China Hits Deleveraging Goals but Work Remains: Regulator

China achieved the goals of its years-long structural deleveraging campaign to reduce economic risks, the country’s top banking and insurance regulator said Monday.

At the same time, the country needs to continue reducing risks caused by excessive leverage in the system, and regulators should maintain focus on several key areas, said Wang Zhaoxing, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC).