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Macro leverage growth to slow, says PBOC

China's macro leverage growth will likely continue to slow, said the People's Bank of China, the nation's central bank. The PBOC said in a report that the nation's overall leverage rose to 250.3 percent last year, up by only 2.7 percentage points year-on-year. "The growth rate dropped substantially," it said. China's liabilities had been rising rapidly during previous years, with the macro leverage ratio rising 13.5 percentage points each year from 2012 to 2016. The slowdown came after expansion of supply-side structural reform, a firmer economy and the effective implementation of a prudent, neutral monetary policy, the central bank said.

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