Despite recent corporate bond...........>

CHINA PRESS: Despite recent corporate bond defaults, deleveraging still should

advance, Securities Times said Tuesday in a commentary. 

- China taking the initiative to deleverage could prevent systemic financial

risks: The Times; 

- As China has achieved success in its capacity cuts and inventory reduction,

deleveraging should not lag behind. The government must strengthen deleveraging

especially in the corporate sector: The Times; 

- The government should avoid a situation where companies transfer

responsibility to the government in order to truly curb further expansion of

credit and irresponsibility of stakeholders: The Times.