Chinese authorities have confirmed an...>

CHINA PRESS: Chinese authorities have confirmed an undisclosed timetable for its

deleveraging in the near future, which aims to fully use the market system to

advance deleveraging, Economic Information Daily reported Tuesday. 

  - According to the timetable, issuance of related policies will be added at an

accelerated pace over the remainder of this year, as the newspaper learned from

the National Development and Reform Commission; 

  - Policies on cleaning zombie companies out of the market will be further

improved, the newspaper said, to speed up high-leverage and low-efficiency

companies exiting the market; 

  - Market-based debt-to-equity swaps will be further used to help high-leverage

but promising companies to reduce their leverage, it said.