Leveraging tapering off amid reform

Central bank: Achievements due to prudent monetary policy, liquidity

The resilience of China's financial system has improved as the government effectively tamed credit expansion despite ongoing global economic downside risks such as heightened trade tensions, according to the central bank governor.

Overall leverage level in China's economy have stabilized since last year, when the country actively pushed forward an orderly deleveraging process, People's Bank of China Governor Yi Gang stressed at meetings of the International Monetary and Financial Committee in Bali, Indonesia, over the weekend.