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The leverage ratio in China has been..........>

CHINA
CHINA: The leverage ratio in China has been growing at a slower pace since the
government's implementation of comprehensive deleveraging measures, the National
Development and Reform Commission (NDRC) said on Monday. As of Sept. 22,
financial institutions, through their specialized debt-to-equity swap agencies,
had signed agreements with 77 enterprises, worth a total of CNY1.3 trillion. As
of the end of the first quarter, the total leverage ratio in China had reached
257.8%, compared with the 257% ratio in the fourth quarter, the NDRC said,
citing the Bank for International Settlements. The growth rate of the ratio has
fallen for four straight quarters, the NDRC said. The country will focus on the
deleveraging of state-owned enterprises in the near future, the NDRC noted.
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