China’s corporate sector: Deleveraging or re-leveraging?
Published on Tuesday, December 11, 2018 | Updated on Tuesday, December 11, 2018
China’s corporate sector: Deleveraging or re-leveraging?
In face of intensifying growth headwinds and private enterprises woes, the authorities have shifted their policy stance from "deleveraging" to "stabilizing firm's leverage". Stimulating growth and controlling debt at the same time is a challenging task, the authorities could achieve a balanced objective if appropriate policy initiatives are to be implemented.
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