Shuli Ren, Columnist

China's Christmas Gift

A softer focus on cutting debt will have positive wider ramifications.

December 20, 2017 at 5:00 AM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

1513745735_GettyImages-722214689 — Photographer: Tom Merton/Getty Images

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Everything comes at a cost.

To ensure steady economic growth, China is considering softening its focus on cutting debt in 2018, the Wall Street Journal reported Tuesday. "Let's face it. It's not realistic to reduce leverage when the whole economy relies on banks for financing," an official told the Journal's Lingling Wei.