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Data show economy on a sound footing

By Jiang Xueqing | China Daily | Updated: 2018-06-22 07:14

Researchers and financial practitioners said data released recently by China's central bank and regulators show a solid basis for stabilized financial market operations and firm financial support for the real economy, the part of the economy that produces goods and services.

Li Peijia, a senior analyst with the Institute of International Finance at Bank of China Ltd, said: "China launched a series of policies to promote supply-side reform and prevent financial risks. These policies played a key role in containing the rapid growth of China's overall leverage ratio and in further reducing excessive interbank leveraging-up activities."

She said the growth of total social financing slowed down relatively fast this year, as banks adjusted their entrusted loan and trust loan businesses amid tighter regulation.

Data show economy on a sound footing

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