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Business & Technology

China To Keep A Tight Grip On Corporate Debt Levels As Inflation Rachets Up

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China To Keep A Tight Grip On Corporate Debt Levels As Inflation Rachets Up

2017-01-11 01:32:03

China vowed on Tuesday to contain high company debt levels and further cut excess coal and steel capacity. According to Reuters, it's an attempt by Beijing to maintain solid and more balanced economic growth while avoiding destabilizing asset bubbles. The world's second-largest economy likely grew around 6.7 percent last year -- roughly in the middle of the government's target range, However, the head of the country's state planning agency told a news briefing the nation faces increasing uncertainties in 2017.

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