China has ample room to maneuver on debt - FX Regulator
|China has ample room to maneuver on debt and will take a paced approach toward deleveraging, a deputy head of the country's foreign exchange regulator said on Friday, according to Reuters.
China is very serious about tackling debt risks, Xuan Changneng, a deputy head of the State Administration of Foreign Exchange told reporters at the Boao Forum.
Changneng's comments come at a time when the policymakers are widely expected to roll out stimulus measures to counter the economic slowdown. The policymakers, however, made it clear earlier this year that a "flood-like" stimulus, which increases debt risks, is unlikely.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.