China's debt level stabilised in Q2, a lot of space economic policy boost – China Daily

China Daily is out with a story on stabilising leverage ratios in China, with the key highlights found below.

“According to a report from the National establishment for Finance and Development, a government-backed monetary think factory, the country's macro leverage ratio－the share of debt within the government, unit and company sectors to total GDP－increased by zero.7 decimal point within the second quarter to 249.5 percent, down from the five.1 share growth within the 1st 3 months.

"Debt level was stabilised," it said.

"For the half of this year, within the face of the economic process pressure, "stabilizing economic process ought to be before deleveraging", aforesaid Li principle, head of the establishment.”