Deleveraging is the key for China's...........>

CHINA: Deleveraging is the key for China's financial sector to serve the real

economy, so a prudent and neutral monetary policy should be insisted upon, Liu

Guoqiang, assistant governor of the People's Bank of China, said Friday at the

Financial Street Forum 2017 sponsored by the Beijing government. China's

financial regulators need to strictly control the illegal arbitrage and messy

off-balance sheet transections occurring on the market, Liu said. Financial

institutions must reduce the businesses jeopardizing economic development and

focus on supply-side reform, Liu stressed, warning that the support given to

so-called zombie companies, along with illegal debt-raising by local governments

and the property sector, must be slowed.