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CHINA: The leverage ratios of most Chinese SOE's may gradually decline in 2018,
Moody's Investors Service said in an emailed report on Monday. Earnings before
interest, tax, depreciation and amortization (EBITDA) of the 53 Chinese SOEs
rated by Moody's are expected to gain while their debt growth slows, according
to Moody's. Moody's also said China's supply-side reform and efforts to revamp
SOEs helped improve earnings and slow debt growth.