April 2, 2018 / 10:51 AM / in 7 months

China to gradually cut macro-economic leverage ratio - state media

BEIJING, April 2 (Reuters) - China will gradually lower its macro-economic leverage ratio as part of measures to contain financial risks, state radio cited President Xi Jinping as saying on Monday.

China’s state-owned firms should lower their leverage ratios as soon as possible, Xi was quoted as saying. (Reporting by China monitoring desk and Kevin Yao Editing by Jacqueline Wong)

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