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

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.