Economics
China Is Stepping Up the Fight Against Its Mountain of Debt
- Regulators are now focusing on asset-management products
- They’re just one piece of China’s complex leverage burden
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China’s drive to reduce its debt burden has shifted into a higher gear following the Communist Party’s twice-a-decade congress in October.
Regulators have set their sights on a key pressure point -- shadow banking -- with rules around asset-management products tightened last week as they seek to bring the market under control.