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Asset-liability ratio of SOEs declines

The asset-liability ratio of China's centrally-administered State-owned enterprises (SOEs) dipped in the first seven months this year, according to the State asset regulator. The average asset-liability ratio for central SOEs stood at 66.2 percent at the end of July, 0.3 percentage points down from one year earlier, according to the State-owned Assets Supervision and Administration Commission (SASAC). The ratio was also down from 66.3 percent at the end of 2017. SASAC aims to cut the ratio by another 2 percentage points from the end of 2017 level.

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