China's debt levels to improve soon

Sustained efforts to produce tangible results in three years, says official

China's debt problems will see significant improvements in the next three years, the department head of a government think tank said.

"The nation's overall debt levels have not grown to dangerous levels. The government is keeping a close watch on the debt problems, especially those caused by the large State-owned companies," Li Yang, director of the National Institution for Finance and Development of the Chinese Academy of Social Sciences, said during the Boao Forum for Asia Annual Conference 2018 on Monday.