BEIJING (Reuters) - China’s financial deleveraging will continue given that a regulatory clampdown on risky lending hasn’t “achieved its goals”, a state-run newspaper said in a commentary on Wednesday.
The Economic Daily, which is run by China’s cabinet, published the article just days after Premier Li Keqiang said
China is capable of maintaining stability in financial markets, and will also strike a balance between financial stability, gradual deleveraging and steady economic growth.
“From what we can see now, the regulatory goals clearly haven’t been achieved and the talk of the end of regulatory clampdown is out of the question,” the newspaper said.
“Different regulators are quickening the pace to collaborate on their policies to push forward financial deleveraging,” it added.
Reporting by Yawen Chen and Kevin Yao; Editing by Simon Cameron-Moore