China has ample room to maneuver on debt and will take a paced approach toward deleveraging, a deputy head of the country’s foreign exchange regulator said on Friday, according to Reuters.
China is very serious about tackling debt risks, Xuan Changneng, a deputy head of the State Administration of Foreign Exchange told reporters at the Boao Forum.
Changneng’s comments come at a time when the policymakers are widely expected to roll out stimulus measures to counter the economic slowdown. The policymakers, however, made it clear earlier this year that a “flood-like” stimulus, which increases debt risks, is unlikely.
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