China should tolerate a rebound in the overall debt level amid trade shocks and ...
BEIJING - China should tolerate a rebound in the overall debt level amid trade shocks and a slumping economy, and focus instead on curbing risks from more pressing issues such as the rapid build-up in household debt, a senior policy adviser said on Thursday.
“I want to tell you that this year’s macro leverage ratio is definitely going to rise,” Chen told a real estate forum in Beijing. But a prolonged trade war with the United States has dealt a much bigger blow to the economy this year, and policymakers must approach macro policy on the basis that it will be a long-haul battle full of uncertainties, Chen Changsheng said.
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