Deleveraging conducive to China's economy in long term

          Source: Xinhua| 2018-12-06 10:43:51|Editor: Li Xia
          Video PlayerClose

          BEIJING, Dec. 6 (Xinhua) -- Although China's deleveraging push may slow growth in the short term, it will be conducive to the country's economy in the long haul, China Daily reported Thursday, citing Bridgewater Associates founder Ray Dalio.

          China's goals to maintain growth and cut leverage levels may not necessarily lead to economic difficulties, Dalio was quoted as saying.

          "Naturally, slowing or stopping bad lending slows economic growth over the short term and helps it over the long term," Dalio said.

          As long as China continues making rapid reforms and broadening the expansion to less-developed parts of the economy while maintaining stability, the long-term prospects are very bright because that rapid productivity growth will continue, he said.

          China's central government has been keeping up efforts to curb excess lending to state-owned enterprises, especially those in heavy industry suffering from overcapacity, while striving to maintain credit supply to more productive borrowers.

          Deleveraging is one of the important tasks in China's supply-side structural reform.

          China's economy expanded 6.7 percent in the first three quarters of the year, above the government's annual growth target of around 6.5 percent set for 2018.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001376546611
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  中文字幕日本视频高清一区 | 亚洲欧美日韩高清在线播放 | 亚洲欧美五码中文字幕 | 日韩欧美高清中文字幕免费一区二区 | 亚洲乱码国产乱码精品精 | 亚洲中文三级情片在线观看 |