Wednesday, 8 Apr 2020

China has room to maneuver on debt, deleveraging to be paced-FX regulator

BOAO, China, March 29 (Reuters) – China has ample room to maneuver on debt and it will take a paced approach towards deleveraging, a deputy head of the country’s foreign exchange regulator said on Friday.

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.

Concerns about debt risks in China are increasing as policymakers roll out more measures to support the slowing economy. (Reporting by Kevin Yao and Beijing Monitoring Desk; Editing by Kim Coghill)

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