BEIJING, Sept. 25-- China will continue to lower its corporate debt levels, even though it has made initial progress, the top economic planner said Monday. There has been initial progress in reducing leverage levels, with the corporate leverage levels steadying and then declining while debt risks having been mitigated, the National Development and Reform Commission (NDRC) said on its website. The government will focus on cutting debt levels at state-owned enterprises (SOEs) by improving their governance structure and pushing mixed ownership reform, the commission said. |