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在线翻译:
szdaily -> Business -> 
‘Economy strong, financial leverage under control’
    2018-04-24  08:53    Shenzhen Daily

THE country’s economic fundamentals are strong and the country has sufficient policy tools to guard against systemic risks, Xinhua quoted People’s Bank of China Governor Yi Gang as saying Sunday.

“In 2017, China’s non-financial leverage ratio increased slightly, the corporate leverage ratio declined somewhat and leverage in the financial sector was brought under control,” Yi said during annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, according to Xinhua.

China has prioritized containing financial risks, after years of debt-fueled growth put China’s economy on what the IMF previously called an “unsustainable” trend.

In statements carried on the central bank website, Yi reiterated recently announced measures to open the financial sector, with measures to “be implemented either in the next few months or by the end of this year.”

The meetings in Washington come as the United States threatens US$150 billion in tariffs on Chinese imports.

U.S. Treasury Secretary Steven Mnuchin said Saturday he may travel to China, a move that could help ease tensions between the world’s two largest economies.

“China will continue to support multilateralism and an open and rules-based multilateral trade system, advocating cooperation and dialogue,” Yi said, according to the central bank website.

At the same time, the Chinese government “has been vigorously pushing forward” the reform of the financial regulatory system, Yi said. (SD-Agencies)

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