BEIJING Cheap Nike Odyssey React Womens , Dec. 23 (Xinhua) -- Growth of China's leverage ratioslowed substantially in the first three quarters, a central bankofficial said Saturday.
"Primary calculation showed the increase was 9.6 percentagepoints lower than the average growth rate from 2012 to 2016," YiGang, vice governor of the People's Bank of China, said at aforum.
The slowdown came after measures from regulators to rein in debtgrowth, with bank lending more cautious, online financing strictlyregulated, and businesses and individuals breaching financial rulesseverely penalized.
The task of dealing with overall leverage ratio in the economyshould be the first priority in risk prevention and control, Yisaid.
"We will put more emphasis on deleveraging of state firms,address both symptoms and root causes of implicit government debt Nike Odyssey React Womens ,crack down on financial irregularities, and step up supervision,"Yi said
The economic forum was jointly held by the China Center forInternational Economic Exchanges and the State Think Tank of XinhuaNews Agency, and assembled around 300 officials, scholars,corporate executives and think tank representatives. Enditem
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