December 20, 2017 / 10:19 AM / a year ago

China to maintain reasonable credit growth in 2018: state media

FILE PHOTO - China World Trade Center Tower III (L) and China Zun Tower under construction are pictured behind a Chinese flag in Beijing's central business area, China December 14, 2017. REUTERS/Jason Lee

BEIJING (Reuters) - China will maintain reasonable expansion of credit in 2018, according to a statement carried by the official Xinhua news agency on Wednesday, following an annual economic meeting of China’s top leadership.

China will take concrete measures to strengthen the regulation of local government debt, Xinhua said.

The annual economic conference is keenly watched by investors for clues to policy priorities and economic targets in the year ahead.

Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong

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