China Hints at Pullback From Debt Crackdown as Markets Slide
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China will try to avoid a "one-size-fits-all" policy as it tries to contain the nation’s swelling debt, a central bank adviser said.
That’s the latest signal of China softening its stance on the ongoing campaign to reduce financial risks, amid a market slump and economic slowdown. Regulators will focus more on structural deleveraging in the future and avoid overusing sweeping measures in cutting debt, according to a statement from Ma Jun, policy adviser to the People’s Bank of China.