Moody's Investors Service says China's........>

CHINA: Moody's Investors Service says China's efforts to deleverage and de-risk

its economy are slowing as the measures appear to constrain domestic activity,

amid downside risks related to escalating trade tensions.

- "While the long-term objectives of deleveraging and de-risking remain in

place, in the current circumstances China's authorities are likely to rely to a

greater extent on spending by the broader public sector to support growth," says

George Xu, a Moody's Analyst, one of the report's co-authors.

- "Accordingly, we expect economy-wide leverage to increase further amid

mounting downward pressure on growth. We estimate that public sector debt,

comprising government and State-Owned Enterprises debt, will rise towards 149%

of GDP by the turn of the decade, around 15 percentage points higher than in

2017." adds Martin Petch, Vice President Senior Credit Officer at Moody's.