China needs to balance well between.....>

CHINA PRESS: China needs to balance well between deleveraging and stabilizing

its economic growth, Securities Times reported Tuesday. 

  - As the U.S. will continue to challenge multilateralism and its trade actions

will affect China's growth, stabilising economic growth is the "priority of

priorities" for China, the newspaper said; 

  - Deleveraging will cause losses and fast bankruptcies, and China's current

deleveraging is more focused on decreasing leverage in companies and

governmental departments while leverage in households increases, the newspaper

said; 

  - China needs to strengthen regulations on local governments' illegal

financing and must steadily reduce leverage of households, it said.