China to use 'more supportive measures' to promote deleveraging: China Daily - Reuters News
|China's regulators will introduce more measures to promote corporate deleveraging, with an emphasis on state-owned enterprises, the official English-language China Daily said today, according to Reuters News.
These measures will put greater emphasis on curbing unregulated borrowing by struggling state-owned enterprises.
Key quote (Source: Reuters)
"Will undertake more supportive measures to overcome obstacles that have hampered debt-reduction problems, and heavily indebted state-owned enterprises will be the key target."
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